IM Cannabis Corp. has agreed to sell its European-focused assets to Slil.com Holding Ltd., owned by its CEO, to reduce its debt by approximately C$10.5 million. The sale includes its subsidiary IMC Holdings, which manages European operations in Germany and other interests. This transaction will allow IM Cannabis to concentrate on its core Israeli market, improve working capital, and strengthen its balance sheet. The deal is subject to approval by an independent committee, regulatory clearances, and other conditions before finalization.
Matt Mullenweg, founder of WordPress and CEO of Automattic, was briefly removed from his position by the company's board, which placed him on paid leave. However, after internal disputes and Mullenweg asserting control over company communications, Au...
The FLWS token has been listed on the Solana blockchain through the Sunrise platform, with issuance attributed to Backpack Securities. This launch marks FLWS as a tokenized equity product named “1-800-FLOWERS.COM – Backpack,” but key details such as ...
The likelihood of a Federal Reserve rate hike by 25 basis points to 3.75-4.00% has increased to 87.3%, raising concerns of a bearish reaction in Bitcoin's price. Bitcoin is caught between long-term buyers and short-term caution, with recent volatilit...
Grayscale reports that Zcash mining rewards are about twice as high as Bitcoin's per mining rig and four times higher per unit of electricity, making Zcash mining highly profitable. This profitability has led to a 2.5-fold increase in Zcash mining ac...
Uniswap processed $70.6 billion in trading volume over the past month, surpassing the combined $44.6 billion volume of its three closest decentralized exchange competitors: PancakeSwap, BisonFi, and Meteora. Robinhood Chain was the largest contributo...
