This Year Durga Puja enters the Metaverse Universe; New Token Mimics Shiba Inu Arrival! Tech Market Roundup

Witness the MetaPuja this year as Durga Puja enters Metaverse universe, get more such tech news!

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

What's new today: A new token Lucro mimics the Shiba Inu arrival in the crypto market; Each year's Durga Puja brings in new innovations in the theme and this time it is entering the Metaverse universe.

Fast-Trach Insights: Technology giant Oracle has agreed to pay US$23M in settlement charges for allegedly bribing foreign officials; The Enforcement Directorate (ED) has frozen cryptocurrencies worth Rs 12.83 crore.

The Enforcement Directorate (ED) has frozen cryptocurrencies worth Rs 12.83 crore, under the provisions of the Prevention of Money Laundering Act, following a probe into the mobile gaming application E-nuggets case. Earlier, the ED had seized Rs 17.32 crore in cash in the case.

Lucro outdid the Shiba Inu trading volume on SHIB's first day of listing on Coinbase. What's interesting about the comparison is that on January 30th, 2021, the cryptocurrency industry's market cap was US$980 million. In late September 2022, the market cap was US$990M (as of 28th Sept).

Each year's Durga Puja brings in new innovations in the theme, style, and design of the idols as well as the pandals. This year, some of the pandals offer a metaverse experience of Durga Puja. With the help of this latest technology that facilitates an immersive virtual world, people from across the globe can enjoy the festival as similar to a real-world experience.

Technology giant Oracle has agreed to pay US$23M in settlement charges for allegedly bribing foreign officials, including those from India, between 2016 and 2019. Oracle will pay the amount to the United States Securities and Exchange Commission (SEC) for purportedly violating the Foreign Corrupt Practices Act (FCPA). This is the second time Oracle has been reprimanded for violating norms by its Indian subsidiary.

Software exporter Cognizant will keep its focus on digital deals and stay away from those involving legacy technology, as they have ended up being "uneconomic", Rob Walker, president of global growth markets outside of North America, told ET.