When Art Meets Tech- The Ramayan Maps; India Crypto Activity on Spike! Tech Market Roundup

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Good morning Tech Fam, here's a quick tech update for you to catch on to:

What's new today: MapmyIndia Mappls is releasing a series of printed map artworks, called The Ramayan Maps, for the first time in India; Uber Chief Security Officer Joseph Sullivan found guilty of not disclosing a 2016 breach of the customer.

Fast-Trach Insights: Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45%; Private lender HDFC Bank on Thursday said that its costs of building IT infrastructure are already plateauing.

MapmyIndia Mappls is releasing a series of printed map artworks, called The Ramayan Maps, for the first time in India. The Ramayan Maps are available in various sizes and come with a choice of language– Hindi, and English. They are designed to make people understand the Hindu epic, the Ramayana, by tracing and showcasing the journey of Lord Rama – right from his birth to the establishment of the Ram Rajya – on a rarely seen map of India from approximately 5000 BCE.

A U.S. federal court jury has found former Uber Chief Security Officer Joseph Sullivan guilty of not disclosing a 2016 breach of customer and driver records to regulators and attempting to cover up the incident. Sullivan has been convicted on two counts: One for obstructing justice by not reporting the incident and another for misprision. He faces a maximum of five years in prison for the obstruction charge and a maximum of three years for the latter.

Private lender HDFC Bank on Thursday said that its costs of building IT infrastructure are already plateauing. The bank, which launched the latest version of the SmartHub Vyapar app specifically designed for merchants, has added a million merchants and supported 60 billion transactions in its beta phase.

The European Union (EU) has taken a significant step forward in regulating cryptocurrency, with the European Council approving comprehensive Markets in Crypto-Assets (MiCA) regulation on Oct. 5. The development marks another effective action taken by European authorities to ensure that the crypto market plays by their rules. The bill awaits approval by the European Parliament; a vote is scheduled for Oct. 10.

Bitcoin prices have been consolidating within an increasingly narrow range even as global equity and bond markets continued to tread challenging ground with growing evidence of stress developing in sovereign debt and currency markets this week. Indian crypto activity has seen a spike in recent weeks with trading volume and user signups witnessing a jump of up to 45% thanks to stable bitcoin price and weakness in the rupee.