Technologies
Amazon Promises to Play Fair With Third-Party Sellers
The e-commerce giant won’t pay a fine for its settlement in an EU antitrust case, but pledges to change some business practices.

Amazon agreed to settle two European Union antitrust cases that alleged mistreatment of its third-party retailers, the European Commission said Tuesday. However, the e-commerce giant won’t pay a fine. Instead, for the next seven yearsit’ll follow EU antitrust rules by changing business practices that regulators say disproportionately harm third-party sellers on the platform.
«Today’s decision sets new rules for how Amazon operates its business in Europe. Amazon can no longer abuse its dual role and will have to change several business practices,» Margrethe Vestager, executive vice president in charge of competition policy, said in a statement.
The Commission, which is the EU’s executive branch, found in 2020 that Amazon «distorted fair competition» on its platform by using third-party sellers’ nonpublic data to compete against them, the statement said. The e-commerce platform’s criteria for its buy box and Prime program also «unduly favors» its own retailers or retailers that utilize its logistics and delivery services, the Commission found.
Amazon agreed to provide third-party retailers with an equal opportunity for being selected as a default option for the platform’s buy box. It will also stop using nonpublic data from the independent sellers on its marketplace and set nondiscriminatory practices for retailers’ products to qualify for Amazon Prime.
Amazon is required to follow the Commission’s final guidance for seven years.
«We are pleased that we have addressed the European Commission’s concerns and resolved these matters,» a company spokesperson told CNET via email. «While we continue to disagree with several of the preliminary conclusions the European Commission made, we have engaged constructively to ensure that we can continue to serve customers across Europe and support the 225,000 European small and medium sized businesses selling through our stores.»
Technologies
Verum Coin (VERUM) is Now Available on Halo Wallet
Verum Coin (VERUM) is Now Available on Halo Wallet
Verum Coin (VERUM) continues to expand its presence in the cryptocurrency market. Users can now store and manage VERUM on Halo Wallet, known for its convenience and security.
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
Verum Coin (VERUM) is Now Available for Deposit on Exodus Wallet
Verum Coin (VERUM) continues to enhance its accessibility for users. You can now deposit and store VERUM in one of the most user-friendly and secure crypto wallets — Exodus Wallet.
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
Verum Coin (VERUM) Now Available on Bybit Swap
Verum Coin (VERUM) continues to expand its accessibility by becoming available on Bybit Swap. Traders can now easily and quickly exchange VERUM on one of the most popular and reliable platforms.
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!
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