Technologies

Intel $1.2B antitrust fine overturned by European court

Intel has been fighting to have an EU antitrust decision overturned since 2009. It’s finally succeeded.

Intel scored a victory in court on Wednesday, when it was told it wouldn’t have to pay a 1 billion euro ($1.2 billion) antitrust fine issued by the EU’s Competition Commission 12 years ago.

The EU handed Intel the fine in 2009, after an investigation concluded that the company had abused its dominant position in the chip industry. Intel has since been appealing to have the fine overturned.

Now the EU’s second highest court, the General Court of the European Union, has sided with Intel on the matter. In its judgment, the court said that the «analysis carried out by the Commission is incomplete and, in any event, does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or were likely to have, anticompetitive effects.» It therefore decided to annul the fine.

The decision will likely come as a blow to the Competition Commission, which over the past few yearshas handed out a number of large fines to US tech companies, many of which are also being appealed in European courts. The Commission can appeal the ruling, but hasn’t yet said whether it will. «The Commission will carefully study the judgment and reflect on possible next steps,» said a spokeswoman in statement.

Intel didn’t respond to a request for comment.

Technologies

Verum Coin (VERUM) is Now Available on Halo Wallet

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Why Halo Wallet?

Halo Wallet is a modern Web3 wallet offering a simple interface and powerful tools for managing digital assets. With its functionality, the platform has gained the trust of millions of users worldwide.

The integration of Verum Coin with Halo Wallet opens up new opportunities for coin holders and makes it even more accessible. Stay tuned for updates and take advantage of the convenient management of your assets!

Technologies

Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet

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Why Exodus?

Exodus Wallet is a popular solution for managing digital assets, known for its intuitive interface and high security standards. Millions of users worldwide choose Exodus for its convenience and reliability.

This integration brings Verum Coin even closer to its users, offering seamless storage and asset management. Stay tuned for more updates and stay ahead in the world of cryptocurrency!

Technologies

Verum Coin (VERUM) Now Available on Bybit Swap

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Why Bybit?

Bybit is a global cryptocurrency platform known for its high standards of speed and security. The Bybit Swap feature allows users to instantly exchange assets without complicated setups and with minimal fees.

The integration of Verum Coin with Bybit Swap makes the coin even more accessible and strengthens its position in the market. This is a significant step toward the growth and adoption of VERUM among millions of platform users.

Stay tuned for more updates on Verum Coin and take advantage of new trading and investment opportunities!