On May 22, 2010, 10,000 Bitcoin (“BTC”) were exchanged for two Papa John’s pizzas.[1] Because BTC was the first cryptocurrency, this was the first publicly known transaction involving cryptocurrency.[2] Just a little over a decade later, the price per BTC reached $68,000.[3] To put this in perspective, the amount of BTC paid per slice from one of the Papa John’s pies purchased in 2010 would have been worth $42,500,000 in 2021.[4] The cryptocurrency market reached three trillion dollars at its peak in 2021, which sent shockwaves throughout the economy.[5] One survey showed that 11% of people quit their jobs because…
Author: Daniel Kweon
Golf is a lawyer’s pastime of choice, so it’s not surprising to see an antitrust claim filed against the PGA Tour (“PGA”) hitting the rounds. Plaintiffs—including LIV Golf, Bryson DeChambeau, Matt Jones, and others (“Plaintiffs”)—allege that PGA violated Sections 1 and 2 of the Sherman Antitrust Act.[1] Plaintiffs contend that PGA’s rules governing the membership of its players are prohibitively anti-competitive and place unreasonable restraints on Plaintiffs’ ability to sell their services as professional golfers.[2] Plaintiffs also claim that PGA organized a boycott against LIV Golf and LIV Golf’s players that is per se unlawful.[3] However, recent developments suggest that…
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