Technologies

US FTC ‘Likely’ To Challenge Microsoft’s $68.7B Activision Deal, Report Says

Politico reported late Wednesday that the US regulator is likely to file an antitrust suit against Microsoft’s blockbuster video game deal.

Microsoft’s blockbuster $68.7 billion purchase of game maker Activision Blizzard may face a new regulatory hurdle, with a report from Politico saying the US Federal Trade Commission is «likely» to file an antitrust suit against the deal.

The story, which was published late Wednesday citing anonymous sources, said the FTC’s commissioners had not yet voted on whether to file a suit against Microsoft. But, the publication added, the FTC’s staff are «skeptical» about each company’s claims of benefits from the deal. An investigation into the deal is reportedly ongoing.

The FTC didn’t immediately respond to a request for comment. A Microsoft spokesperson said the company’s «prepared to address the concerns of regulators.» Microsoft has said in the past that it believes the deal will be approved both in the US and overseas. An Activision spokesperson defended the deal, saying in a statement that it will «benefit gamers and the U.S. gaming industry, especially as we face increasingly stiff competition from abroad.»

If the FTC does ultimately challenge Microsoft’s deal, it’ll be the biggest move made by President Joe Biden’s administration against the tech industry. FTC Chai Lina Kahn has long expressed interest in reigning in tech’s largest companies, who’ve grown to become some of the largest and most highly valued on the planet. And she’s not alone.

Regulators and lawmakers across the globe have increasingly scrutinized the tech world, following a series of privacy and political scandals at Facebook and Google in particular. Amazon has also been targeted as one of the world’s largest retailers, while Apple’s been criticized for the power it wields over the more than 1 billion actively used iPhones.

Microsoft for its part, largely avoided scrutiny despite a US judge famously declaring it a monopolist two decades ago. The company’s executives have spent the past year discussing the Activision deal with regulators around the world, who’ve received concerns from competitors including Sony’s PlayStation division.

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.