Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

The European Commission has fined Qualcomm €997m for abusing its market dominance in LTE baseband chipsets. Qualcomm prevented rivals from competing in the market by making significant payments to a key customer on condition it would not buy from rivals. This is illegal under EU antitrust rules. Commissioner Margrethe Vestager, in charge of competition policy, said: … Continue reading Antitrust: Commission fines Qualcomm €997 million for abuse of dominant market position

Humaniq Opens New US Office in Silicon Valley

Humaniq, the Ethereum-based blockchain banking app offering financial inclusion solutions for the unbanked, just opened a new office space in San Francisco, following a successful pre-seed funding campaign that reached nearly 12,000 participants and surpassed $5.2 Million. This development will intensify the capacity of Humaniq to accelerate its global social impact by working alongside leading … Continue reading Humaniq Opens New US Office in Silicon Valley