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In the vast expanse of the Web3 gaming universe, a new frontier called GalFi (Galactic Finance) proposes an innovative play-to-earn experience. Imagine a world where deep space isn’t just a backdrop but a thriving ecosystem of planets, asteroids, dyson spheres, and interstellar civilizations, all waiting to be explored and conquered. GalFi promises not just adventure, but an intricate web of economic opportunities that redefine what it means to play and prosper in a web3 gaming environment.

Cape Town, South Africa – 19 August 2024 – Prepare yourself for the most thrilling African Web3 event of the year! The Blockchain Africa Conference is back, celebrating its monumental 10th anniversary. This year marks a decade of groundbreaking innovation, transformative conversations, and game-changing solutions that are propelling Africa to the forefront of the global blockchain revolution.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

NCLT) gave its approval for the merger of Bengaluru-based Slice with Guwahati-headquartered North East Small Finance Bank. This will pave the way for the final merger of the two entities, after the Reserve Bank of India (RBI)gave the green signal to the deal back in October 2023. The NCLT, Guwahati bench, has sanctioned the scheme of arrangement and amalgamation involving Garagepreneurs Internet Private Limited, Quadrillion Finance Private Limited, Intergalactory Foundry Private Limited, RGVN (North East) Microfinance Limited, and North East Small Finance Bank Limited, said the Tiger Global-backed startup in a statement issued on Monday. While Garagepreneurs is the registered name for Slice, Quadrillion Finance is the in-house non-banking finance company (NBFC) that Slice ran. RGVN (North East) Microfinance Limited is the microfinance business housed within North East Small Finance Bank.

Aug 19th, Panama – Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Center in Abu Dhabi, a global hub for Web3 technologies, are pleased to unveil Falcon Gate Ventures, a $100 million fund aiming to drive Web3 innovation in the coming years. This joint venture initiative takes a global stance to support Web3 builders that are committed to reshaping the world in the digital age.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Tether Operations, the issuer of the world’s largest stablecoin, has announced its plan to launch U.S. dollar-pegged Tether tokens (USDT) on the Aptos Network.

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news...

Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier said on Bloomberg TV Monday. When “fixed deposit rates don’t go up as much as customers would like them, they look for alternates.” Deposit growth has lagged strong demand for credit in India for several quarters now, prompting top officials to weigh in. Finance Minister Nirmala Sitharaman and Shaktikanta Das, governor at the Reserve Bank of India, has urged banks to innovate in order to increase their deposits as household savings shift to investment products.

Burger King, and Pizza Hut, prompting these companies to go aggressive on value offerings in the market. Whether it's the emergence of modern food brands attracting venture capital (VC) investment for expansion or the rise of Zomato and Swiggy, which provide consumers with easy access to a wide range of food options via their smartphones, global QSR giants have been facing challenges in drawing customers to their locations. Westlife Foodworld, which operates McDonald’s chain of outlets in West and South India, said at the company’s Q1 earnings call: “….there’s obviously been pressure in terms of customers entering our restaurants”.

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paan for as little as ₹10, or splurged up to ₹800 for a gourmet version at weddings or special occasions. But imagine indulging in a paan that costs a staggering ₹1 lakh. Yes, you read that right—one lakh rupees for a single paan. Welcome to the world of ultra-luxury paan, brought to you by Mumbai’s very own Naushad Sheikh. Naushad, an MBA graduate with a passion for innovation, has transformed the traditional paan into a symbol of opulence with his venture, The Paan Story. His luxurious creation, aptly named “Fragrance of Love,” redefines indulgence in the culinary world. Naushad Sheikh had lucrative job offers from several multinational companies, each with attractive salary packages. However, his entrepreneurial spirit drove him to pursue something of his own. Choosing to carry forward his family's legacy, Naushad transformed his forefathers' traditional paan shop into a luxurious brand, aptly named The Paan Story. His most extravagant creation, a ₹1 lakh paan, has become particularly popular among newlywed grooms. Naushad told News18 that the bride and groom become happy after eating his paan.

Northeast Frontier Railway (NFR) is constantly making dedicated efforts to integrate modern technologies such as Artificial Intelligence and IOT-based devices into its operations, to improve both safety and passenger convenience. In one such significant move, an advanced Water Level Monitoring System on trains was inaugurated on Friday, August 16, in the Brahmaputra Mail Express train at Kamakhya Railway Station by the General Manager/NFR Chetan Kumar Shrivastava. This innovative system marks a major step forward in water management on long-distance trains, designed to ensure continuous and reliable water availability for passengers.

deep tech and space. Investing in such enterprises is not easy as it requires a deep understanding of sciences and a long investment horizon. Some of the companies it has invested in like CynLr, Ultraviolette and Agnikul are moving into the monetisation stage, and Speciale Invest is looking for the next big thing, says Arjun Rao, partner, Speciale Invest, in an interview with ET. Edited excerpts: When you started, there was little institutional money for deep tech in India. Things have changed. Has your approach changed too? Our initial thesis was that there is talent in the country for developing deep tech. From a demand perspective, there are enough problems to be solved, which will require deep tech companies to be built over the next decade and longer.

Tech services major ServiceNow has realised $10 million in annualised tangible gains due to cost savings and increased productivity across the organisation as a result of Gen AI usage, a top executive said. The company’s artificial intelligence-enhanced product Now Assist — which offers virtual agent customer support, customer service management, HR service delivery, ITOps management, field service management, strategic portfolio management, AI search, etc — has become the company’s fastest growing product with 11 deals exceeding $1 million in annual contract value in Q2 (April-June), Pat Casey, CTO and EVP of DevOps, ServiceNow told ET.

The industries department of the Delhi government has also collected feedback from stakeholders and the general public on three policies — Delhi Electronic System Design, Manufacturing and Refurbishment (ESDMR) Policy 2022-27, City Logistics Policy, and Industrial and Economic Development Policy 2023–33. This feedback will also be shared with the cabinet as and when it meets, sources told ToI. “We are ready with our draft proposal. We will start rolling them out once we get approval from the cabinet and the policies are notified,” said a Delhi govt official.

Karnataka Government, led by Chief Minister Siddaramaiah, conducted a strategic meeting on Friday with Young Liu, CEO and Chairman of Hon Hai Technology Group (Foxconn), to discuss strengthening the company's investment in Karnataka and exploring future expansion opportunities. The meeting stressed on Foxconn's ongoing and prospective projects that are expected to significantly boost the state's economic growth, job creation, and technological innovation. The meeting was attended by notable members of the Karnataka delegation, including Deputy Chief Minister D.K. Shivakumar, Minister for Large and Medium Industries and Infrastructure Development MB Patil, Minister for Information Technology and Biotechnology Priyank Kharge, Principal Secretary of the Department of Commerce and Industries Dr. Selvakumar S., and Commissioner for Industrial Development and Director of the Department of Commerce and Industries Gunjan Krishna. Foxconn will establish a major mobile phone assembly plant, known as Project Elephant, in Karnataka. The company has secured 300 acres of land in the ITIR Industrial Area, which spans Doddaballapura and Devanahalli Taluk in Bengaluru Rural District. With an investment of Rs 22,000 crore, this project is expected to generate over 40,000 jobs.

Poco Pad 5G boasts a 12.1-inch LCD screen with a 120Hz refresh rate, providing a smooth visual experience. With a peak brightness of 600 nits, Dolby Vision support, and a 2.5K resolution, the display ensures vibrant and sharp visuals. Under the hood, it is powered by the Snapdragon 7s Gen 2 processor, which promises enhanced speed and efficiency.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

insolvency law rose to 31.12% of the creditors' claims in the June quarter from 25% in the previous three months, showed the data released by the bankruptcy regulator. However, it's marginally lower than the longer-term recovery rate of 32.06% since the Insolvency and Bankruptcy Code (IBC) was introduced in late 2016. In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, according to the Insolvency and Bankruptcy Board of India (IBBI) data. The cumulative recovery from the 1,005 resolved cases until June 2024 stood at Rs 3.40 lakh crore.