Elon musk pays Hostess $250,000 to keep quiet over sexual harassment

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Aflight attendant who accused SpaceX and Tesla CEO Elon Musk of sexually harassing her on a flight in 2016, was reportedly paid $250,000 to remain silent on the matter. The air hostess was paid by SpaceX in 2018 to settle the claim of sexual misconduct against Elon Musk. Elon Musk The attendant, who used to work on a contract basis for the corporate jet fleet of SpaceX, accused Musk of exposing himself to her, rubbing her leg without consent and offering to buy her a horse or an erotic massage, the Business Insider reported. "The incident is alleged in a declaration signed by a friend of the attendant and prepared in support of her claim.  The details in this story are drawn from the declaration as well as other documents, including email correspondence and other records shared with Insider by the friend," added the Business Insider report. According to the declaration, the attendant told her friend that after taking the flight attendant job, she was pushed to get...
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Bitcoin fails to 5% within the weekend

Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world's largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.

The rout sent bitcoin's price and the amount invested in bitcoin futures back to where they were in early October, before a massive price surge that sent the token to an all-time high of $69,000 on Nov. 10.

It was last down 3.9% at $47,567.

Traders said the weekend fall was connected to a broad move away from riskier assets in traditional markets over worries about the Omicron variant of the coronavirus, combined with lower trading liquidity that tends to plague cryptocurrencies at weekends.

"Our expectation is the rest of Q4 will be a hard month; we aren't seeing the strength in bitcoin that we generally see after one of these crushing days," said Matt Dibb at Stackfunds, a Singapore-based crypto fund distributor

"Leverage markets have been completely reset, and open interest within leverage markets has completely reset."

Crypto data platform Coinglass showed open interest - the total number of futures contracts held by market participants at the end of the trading day - across all exchanges was last at $16.5 billion compared with $23.5 billion on Thursday, and as much as $27 billion on Nov 10.

"There's barely any liquidity on weekends so markets are slightly more vulnerable to shocks - that and a lot of demand coming from institutionals, and they're not trading over the weekend," said Joseph Edwards, head of research at crypto brokerage Enigma Securities in London.

Over the weekend, as prices fell, investors who had bought bitcoin on margin saw exchanges close their positions, causing a cascade of selling. A range of retail-focused exchanges closed more than $2 billion of long bitcoin positions on Saturday, according to Coinglass.

Some exchanges allow traders to place bets 20 times or more the size of their investment, meaning a small move in the wrong direction can cause exchanges to liquidate clients' positions when their initial investment is gone.

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