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Good morning Tech Fam, here's a quick tech update for you to catch on:
What's new today: Uber hack shows security is the tech industry's Achilles' heel; India stands 4th in the global crypto adoption index 2022.
Fast-Trach Insights: After cricket, cutting-edge tech set to transform football and chess too; Fresh blows for Google: India, US, EU Challenging Big Tech monopoly.
Blockchain analysis platform Chainalysis published its global crypto adoption index for 2022 of nations with the highest cryptocurrency adoption rate with India ranking fourth in the list, two spots down from last year. Chainalysis report noted that the emerging markets dominate the Global Crypto Adoption Index this year.
The government has started work on a comprehensive indirect tax regime for crypto assets that would check any revenue loss to the exchequer due to the ambiguity around the true nature of these assets.
A startup in Bengaluru has developed a sensor that helps batsmen and coaches gain insights on bat speed, impact speed, bat-lift angle, and bat path, with an option to replay the action in 360 degrees. Soccer sports are not only known for the exciting goals and passes of the players; They are also notorious for the disputes fans face when they disagree with the referee's decision. That could change with November's FIFA World Cup in Qatar, which for the first time will see sensors and cameras help make important decisions in matches.
Alphabet, the parent company of Google suffered a significant blow after the continent's second-biggest court upheld the European Union's record antitrust fine of US$4.1 billion against Google on Wednesday. Google was penalized for allegedly putting strategic restrictions on Android phone makers in place to ensure that its search engine benefited alone.
A security breach of Uber Technologies Inc. temporarily hobbled the ride-hailing company's internal communications in one of the starkest illustrations of how tech companies with access to the best talent and tools are vulnerable to repeated compromise.
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