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    The best and worst of crypto

    The transition, though completed successfully in the end, was far from a foregone conclusion because of its complexity and the scale of the Ethereum network, which is second only to Bitcoin’s.

    Only 6% Google fee for some apps; ED freezes another Rs 46 crore in loan apps case

    Google’s revised Play Store billing policy, which is set to take effect in India on October 31, may bring good news for app developers that earn less than $1 million in annual revenue and startups that offer video, audio or book content. A source at Google told us that such apps may attract only a 6% commission on in-app purchases.

    Another week of tepid funding for Indian startups

    With large PE and VC funds still placing their bets cautiously amid the volatile macroeconomic environment, the dry spell might continue for some time.

    Google-backed payments startup DotPe raises $54.4 million in funding led by Temasek

    The new round comes after DotPe raised $27.5 million in funding in March 2021.

    Large restaurants raise discounts to fend off Swiggy, Zomato

    India’s largest quick service chain, Domino’s Pizza which operates 1,625 outlets, launched multiple “free rewards offers” on its own app last weekend, across delivery, takeaway and dine-ins.

    Restaurants raise discounts to curb aggregators; Zomato losses halve in Q1

    Large restaurants and chains are offering more discounts on their own apps and direct-ordering platforms than Swiggy and Zomato do on their apps, industry executives told us, as they look to reduce their dependence on the two food delivery firms.

    The Economic Times
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