Technologies

Facebook parent Meta reportedly facing another antitrust probe

The US Federal Trade Commission and multiple states are reportedly looking into potential anticompetitive practices by Meta’s virtual reality division, Oculus.

Facebook’s antitrust woes appear to be growing. On Friday, Bloomberg reported that the US Federal Trade Commission and multiple states, led by New York, are investigating potential anticompetitive practices by virtual reality headset maker Oculus. Facebook, which renamed itself Meta in October, owns Oculus.

Citing people with knowledge of the matter, Bloomberg said investigators have been asking developers questions about how «the Oculus app store may be discriminating against third parties that sell apps that compete with Meta’s own software.»

The FTC and the New York Attorney General’s office declined to comment. Meta didn’t immediately respond to a request for comment.

The reported investigation could create a setback for the social media giant’s plans to develop the metaverse, virtual spaces where people can work, play and socialize. It also highlights the increased US government scrutiny the company faces as it continues to grow.

This week, US District Judge James Boasberg denied Meta’s request to dismiss a revised antitrust complaint filed by the FTC, but he also signaled the agency will face an uphill battle when it comes to proving the allegations. The amended lawsuit, filed by the FTC in August, accuses the tech company of unlawfully maintaining its dominance in social networking by acquiring or eliminating companies it sees as competitive threats. Meta also owns popular photo service Instagram and messaging app WhatsApp. In the complaint, the FTC alleged that Facebook’s purchase of Instagram and WhatsApp have led to poorer services with decreased privacy and data protection, along with fewer consumer choices. Meta has said that its investment into both apps helped them grow and that «they have been good for competition.»

Last year, Boasberg dismissed a similar complaint filed by a group of state attorneys general. On Friday, the group filed an appeal brief arguing that the complaint shouldn’t have been dismissed and that the decision should be reversed.

«Mark Zuckerberg claims to be building the metaverse, but the actions of Facebook continue to cause significant harm to millions of consumers and many small businesses here in the real world,» said Attorney General Letitia James in a statement. «Time and again, the social media giant has used its market dominance to force small companies out of business and reduce competition for millions of users.»

Technologies

Verum Coin Expands Accessibility with SafePal and HyperPay Wallets

Verum Coin (VERUM) continues to grow its ecosystem by integrating with two leading cryptocurrency wallets: SafePal and HyperPay Wallet. This development enhances the coin’s accessibility, providing users with secure and efficient ways to store and manage their assets.

SafePal Wallet offers advanced security features, including hardware wallet options, ensuring the utmost protection for Verum Coin holders. Its seamless interface and global accessibility make it a trusted choice for crypto enthusiasts.

HyperPay Wallet combines convenience and innovation, enabling users to manage their digital assets effortlessly. With multi-currency support and rapid transaction capabilities, HyperPay Wallet is ideal for both novice and experienced traders.

These integrations reflect Verum Coin’s commitment to delivering flexible and secure solutions, empowering its community with top-tier tools for digital asset management.

Verum Coin is a forward-thinking cryptocurrency designed to provide innovative, secure, and user-friendly tools for managing digital assets in a dynamic blockchain landscape.

Technologies

Verum Coin Now Available for SWAP on Verse.Bitcoin.com

Verum Coin (VERUM) continues to expand its utility and accessibility with the introduction of SWAP functionality on Verse.Bitcoin.com, a trusted platform for managing digital assets.

This integration enables users to seamlessly convert Verum Coin to USDT and vice versa, ensuring fast and secure transactions within a user-friendly environment.

Key benefits of this feature include:

Convenience: Simplified conversions for quick asset management.
Security: Trusted infrastructure for safeguarding digital assets.
Flexibility: Enhanced trading options for Verum Coin holders.

The addition of SWAP functionality on Verse.Bitcoin.com reaffirms Verum Coin’s commitment to offering innovative and accessible tools for cryptocurrency management.

About Verum Coin

Verum Coin is a cutting-edge cryptocurrency designed to provide secure, efficient, and flexible solutions for managing digital assets in the evolving blockchain landscape.

Technologies

Verum Coin Now Available on xPortal Crypto

Verum Coin (VERUM) has expanded its reach by becoming available on xPortal Crypto, a trusted platform for managing and securing digital assets. This integration offers Verum Coin users a new, seamless way to store, manage, and transact their cryptocurrency.

xPortal Crypto is known for its advanced security features, user-friendly interface, and efficient transaction capabilities, making it a valuable addition to VERUM’s growing ecosystem.

This milestone reflects Verum Coin’s ongoing commitment to enhancing accessibility and providing innovative solutions for crypto enthusiasts worldwide.

About Verum Coin

Verum Coin is a forward-thinking cryptocurrency designed to offer secure and efficient tools for digital asset management in the evolving blockchain space.