NYDIG offering allows participating companies to pay employees in Bitcoin
Patrick Sells, the NYDIG's chief innovation officer, said the Bitcoin payment plan was aimed at letting companies offer a benefits package to prospective employees. The New York Digital Investment Group, or NYDIG, has launched a benefit program allowing employees of participating companies to convert a portion of their paychecks into Bitcoin.In a Tuesday announcement, the NYDIG said several firms involved with sports, entertainment and digital currencies would be among the first to offer the crypto payments, including Everbowl, MVB Bank, StretchZone, crypto analytics firm The TIE, crypto....
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An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing. The bear market has not deterred one of the biggest Bitcoin (BTC) bulls. The balances of the New York Digital Investment Group, or NYDIG, hit record highs in Q3 of this year. Plus, a United States Securities and Exchange (SEC) filing could reveal the group’s intent to add more Bitcoin to its balance sheet. According to a press release, NYDIG's Bitcoin balances are “up almost 100% year-over-year, and revenue is up 130% through Q2, with another increase when the....
Companies in the United States can now automatically pay their employees in bitcoin. Wagepoint, the Canadian payroll service that works with companies to facilitate paying employee paychecks in bitcoin, announced Monday that they have expanded their bitcoin payroll services to the United States and can accommodate small and medium-sized businesses in all 50 states. The magic is done through the Wagepoint online app, which can "handle direct deposits, government remittances / reporting and all year-end reporting for both salaried and hourly employees. Shrad Rao, CEO of Wagepoint, told CCN....
Leading international consulting firm Deloitte is partnering with NYDIG to onboard businesses to Bitcoin, including Fortune 500 companies.
Wells Fargo is offering its wealthy clients indirect exposure to Bitcoin through a new fund issued in partnership with NYDIG and FS Investments. Wells Fargo – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC).Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D — with the United States Securities Commission (SEC), reveals that the fund is called “FS NYDIG BITCOIN FUND I,” reflecting the fact that it is being incorporated as a limited partnership....
The New York Digital Investment Group, or NYDIG, tapped Jon Dalby as its new CFO. Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG."The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added:“His kindness, curiosity, and humility, combined with his deep financial services experience, are a perfect match for NYDIG as we continue to build institutional....