Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offe...
A company paid an employee for his work done in cryptocurrency. However, after the price of the cryptocurrency skyrocketed 700%, the employer wants the coins back, offering to pay the employee in U.S. dollars instead. Employer Wants Crypto Back After It Rose 700% Marketwatch published a letter to The Moneyist columnist, Quentin Fottrell, Monday from someone asking for advice about crypto payments he received from his employer. The Moneyist is a service that provides answers to all sorts of dilemmas, and Fottrell is the publication’s personal finance editor as well as The Moneyist....
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"I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating," said the contract worker. A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants them to return the tokens following a significant rally in the asset's price.According to a letter sent to Quentin Fottrell of MarketWatch’s "The Moneyist," the unnamed employee — known only as “Crypto Confused” — received payment for the contract work in cryptocurrency....
What's the easiest way to get bitcoins into your wallet? Answer: Get paid in bitcoin. BitPay, the world's largest digital currency payment processor, now lets employees do that with the beta release of its Bitcoin Payroll API for employers. "For the longest time the hard question was 'How do I buy bitcoin?'" said Tony Gallippi, co-founder and CEO of BitPay. "Now the answer is easy: 'Ask your employer.'". American W-2 employees (see below) can elect to have all, or part, of their salary paid in bitcoin for every pay period. It works as a 'net payroll deduction', meaning taxes and garnishes....
With Bitpay Payroll Services, you now can ask your employer to pay you in Bitcoin! ATLANTA-(BUSINESS WIRE)-BitPay, the world's largest payment processor for virtual currencies, announces a beta release of their bitcoin payroll API for employers, which allows their W-2 employees to receive a portion of their net pay in bitcoin. "Since all payroll and withholding taxes are taken out first from the employee's gross income, bitcoins can be sent from the net pay tax-free, and the employer's gross income reporting to the IRS remains unchanged." The Bitcoin Payroll API is designed for employers....
Bitwage Bitcoin Payroll for the Individual, BP(i), is now live and in a free private beta for customers to test, changing the game for employee payroll. As most all bitcoin users know, bitcoin is difficult to receive even through services like Circle and Coinbase. No matter how smooth the process may look, it's still a bit more difficult to get your hands on bitcoin than to grab cash from the ATM. To some, it's just not simple enough. Also read: Canadian Companies Start Paying Employees In Bitcoin. Some bitcoin users are urging their employers to pay them in bitcoin rather than their....
A former Alameda Research Engineer has let the cat out of the bag, revealing sordid details of his former employer and founder of FTX, Sam Bankman-Fried via an X (formerly known as Twitter) post. Employee Reveals The Truth About FTX Behind Closed Doors The crypto community has been in a state of shock after former […]