Monthly Archive: December 2020

Carolina Panthers offensive tackle Russell Okung boasted on Tuesday that he is now receiving half of his $13 million NFL salary in Bitcoin. The arrangement involves Okung using a startup that converts payroll direct deposits into cryptocurrency and comes as Bitcoin shatters new price records.

Okung used Twitter to declare he was being “paid in Bitcoin,” framing the development as a fulfillment of a 2019 wish.

The price of Bitcoin currently floats around $28,000—a once unthinkable mark for the digital currency, which surpassed the $20,000 milestone for the first time only two weeks ago. Bitcoin is famously volatile and has experienced numerous dramatic crashes, including in 2018 when it dropped to around $3,000 after hitting $19,000 months before.

But Okung is hardly the first professional athlete to embrace digital currency. During the 2017 bull run, for instance, boxer Floyd … Read More

American Airlines flew a Boeing 737 Max with paying passengers from Miami to New York on Tuesday, the plane’s first commercial flight in U.S. skies since it was grounded after two deadly crashes.

American flight 718 carried 87 passengers on the 172-seat plane, and the return flight from LaGuardia Airport to Miami International Airport held 151 passengers, according to an airline spokeswoman.

Last month, the Federal Aviation Administration approved changes that Boeing made to an automated flight-control system implicated in crashes in Indonesia and Ethiopia that killed 346 people in all. In both crashes, the system pushed the nose down repeatedly based on faulty sensor readings, and pilots were unable to regain control.

The FAA cleared the way for U.S. airlines to resume using the plane if certain changes are made and pilots are provided with additional training including time in a flight simulator.

Brazil’s Gol airlines operated the first … Read More

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The Biden administration is expected to take a tougher stance against acquisitions than President Trump’s while continuing a recent flurry of antitrust cases against Big Tech.

“Antitrust law and policy are poised for a course correction,” says Andrew Gavil, an antitrust expert at Howard University School of Law. “The degree of that correction remains to be seen and will be influenced by both politics and the composition of the courts.”

Trump’s antitrust regulators, led by Assistant Attorney General Makan Delrahim, loudly tried stopping AT&T from acquiring Time Warner in 2017—only to suffer a stinging defeat in court. Overall, however, Trump’s Justice Department made 19% fewer requests for data about mergers—which delay closings to allow regulators to take a closer look—and filed 18% fewer cases to block mergers than … Read More