EducateKaro – Handpicked Tech & Startup News | Quick, Smart Summaries
Handpicked Tech & Startup News | Quick, Smart Summaries
GameStop has purchased 4,710 bitcoin worth over $500M, aligning its treasury strategy with crypto-friendly trends under Trump’s administration. As Bitcoin reaches new peaks, its surge mirrors the strategies of Tesla and Coinbase. Despite investor concerns over volatility, GameStop’s pivot aims to boost financials after declining sales post-Reddit-fueled stock surge. Political tensions around crypto continue to grow.
Read more on:TechCrunch
Epic Games’ popular battle royale, Fortnite, is finally back on Apple’s US App Store after being banned in 2020 due to a major dispute over in-app payment rules. This comeback marks a turning point in the long-running legal feud between Epic and Apple over app store practices.
Source: BBC
Launching April 25, Days Gone Remastered introduces new accessibility features, including adjustable Game Speed (down to 25%) to ease intense gameplay. It also adds subtitle colors, High Contrast Mode, and customizable controls. A $10 upgrade is available for PS4 owners, and PC players will receive many of the new features too. Horde mode just got more player-friendly!
Read more on ign.com
The Indian government has blocked 1,298 online betting and gaming sites since 2022 to curb addiction and illegal activities. Updated IT rules now hold gaming platforms accountable for harmful content. Authorities can block content threatening security or public order, ensuring a safer digital space. The move follows growing concerns over online gambling and financial risks.
Read more on ISN
Microsoft’s rolling out Copilot for Gaming next month, starting on the Xbox mobile app for Insiders. It’ll guide players with tips, like coaching Overwatch 2 moves or Minecraft crafting, acting as a handy sidekick. Though initial features are basic, Microsoft’s big AI vision will evolve with feedback. Exciting stuff!
Read more on TheVerge
Microsoft’s Xbox is facing challenges despite its shift to Game Pass in 2017, falling behind Sony’s PS5 and Nintendo’s Switch in terms of console sales. The industry continues to grapple with high game development costs and distribution hurdles, even after investing $100 billion in studio acquisitions. Game Pass hasn’t revolutionized gaming as anticipated, resulting in Xbox remaining in third place while competitors thrive with conventional sales strategies.
Read more on TheVerge
The Supreme Court has put a hold on GST showcase notices totaling over ₹1 lakh crore that were sent to online gaming companies and casinos due to accusations of tax evasion. A bench led by Justices J B Pardiwala and R Mahadevan paused the proceedings and has set a date for the next hearing on March 18. A change to the GST law in October 2023 required foreign gaming companies to register in India and imposed a 28% GST on the total value of bets. Companies like Games 24×7 and Head Digital Works have challenged these hefty demands, leading the Supreme Court to take over cases from nine high courts in order to issue a unified decision.
Read more on Presstrustofindia.
