Settle Archives -
Cesar Sanchez-Guzman says that in 2003, when he was 17, director Bryan Singer raped him aboard a yacht party in Seattle. Now Singer, who denies the allegations, will pay $ 150,000 to resolve that claim, Variety reports. Sanchez-Guzman filed a lawsuit against Singer in December 2017 , just days after the…
Famed director Bryan Singer is going to fork over $ 150,000 to settle allegations he raped a teenage boy on a yacht … but Singer is still denying his accuser’s claims. Singer was sued by Cesar Sanchez-Guzman back in 2017 for…
Airlines are calling on aviation regulators worldwide to work together to get Boeing Co.’s grounded 737 Max back in the skies and to prevent the regulatory response from splintering and slowing the jet’s return.
As aviation bosses met in South Korea for their biggest gathering since the two recent…
The Terranea Resort in Rancho Palos Verdes has settled a lawsuit filed by workers who demanded pay for time they spent waiting to get uniforms before each shift and being driven from a remote parking lot.
The lawsuit, filed in 2017 in Los Angeles County Superior Court, accused hotel management…
A regulatory fight over Elon Musk’s tweeting habit may be over — for now.
Tesla Inc.’s chief executive and the U.S. Securities and Exchange Commission said in a court filing Friday that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision…
Colin Kaepernick and Eric Reid, the NFL stars who alleged the league’s teams colluded to keep them off the field after they led protests during the national anthem, will receive less than $ 10 million to settle grievances with the league, according to people briefed on the deal.
Moshe Hogeg, the co-founder and chairman of venture capital investment fund Singulariteam, and the alleged head of Stox Technologies, has been given 30 days to settle with a Chinese investor. The disgruntled investor has brought a 17 million Israeli new shekels (approximately $ 4.23 million) lawsuit against Hogeg for allegedly misappropriating several million dollars worth of funds raised through the Floyd Mayweather-promoted Stox initial coin offering (ICO).
Sirin Labs CEO Given 30 Days to Settle Lawsuit Alleging Misappropriation of Funds Raised via Stox ICO
Tel Aviv District Court judge Michal Amit-Anisman has given Moshe Hogeg 30 days to reach a compromise with Huwan Hugh, a Chinese investor who filed a multi-million dollar lawsuit against Hogeg in January of this year.
The lawsuit was also brought against the former Singulariteam chief financial officer (CFO) and current Saga Foundation CFO Yaron Shalem and the Stox Technologies company. The complaint alleges that Hogeg intentionally misrepresented how the funds raised through the Stox ICO would be used and distributed.
Moshe Hogeg is also the chief executive officer of cryptocurrency smartphone startup Sirin Labs and owner of the Beitar Jerusalem soccer club.
Judge Recommends Involvement of Third-Party Mediator
According to local media outlet Globes, judge Amit-Anisman brought the parties to the temporary agreement after three hours of discussion, specifying that “requests will not be made at this time,” rather “the parties will come directly or by a third party who is a mediator.” The judge recommended Meira Harel as a possible mediator, describing Harel as “an expert in the field of cryptographic currencies.”
Globes also reported that “it was further agreed that after a period of 30 days or a longer period, insofar as the parties request an agreement to extend the 30 days granted to them, each party will be entitled to petition the court with a request to make a decision on the pending applications.”
Emphasizing the challenges of adjudicating cases involving cryptocurrency amid the current global climate of opaque regulatory apparatus pertaining to crypto assets, Judge Amit-Anisman noted that the case “raises serious questions that have not yet been answered, neither in Israel … nor by regulators in the world.”
Do you think that Moshe and Hugh will be able to reach a settlement in 30 days? Share your thoughts in the comments section below!
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When tech workers began rallying last year against their employers’ mandatory arbitration clauses, some of the industry’s biggest companies changed their policies. Google dropped mandatory arbitration entirely. Uber Technologies Inc., however, opted to abolish forced arbitration in sexual misconduct…
A California payday lender is refunding about $ 800,000 to consumers to settle allegations that it steered borrowers into high-interest loans and engaged in other illegal practices, state officials said Tuesday.
California Check Cashing Stores also agreed to pay $ 105,000 in penalties and other costs…
International cryptocurrency payroll service provider Bitwage has announced that it has partnered with Texas-based Simply Efficient HR. The move will allow companies to pay W2 employee and payroll taxes in all 50 U.S. states, plus Puerto Rico, using BTC and ETH.
Bitwage and Simply Efficient Join Forces
With Bitwage’s solution now out of beta, American employees are able to choose any percentage of their wage to be in USD or cryptocurrency. To participate, a company needs to sign up to Bitwage, reach out to support for Payroll & HR services to receive personalized account management from the Simply Efficient HR team, and then add the account on Bitwage. Simply Efficient HR invoices companies through Bitwage for USD needed to fund payroll taxes and employee payrolls and the company accepts invoice and fund payrolls in BTC or ETH.
CEO of Bitwage Jonathan Chester commented: “As the leader in cryptocurrency payroll solutions, we are excited to continue to push the adoption of real use-cases within the industry. Together with Simplexity, we hope to close the financial loop within the cryptocurrency industry and continue to make bitcoin and other cryptocurrencies a part of everyday life.”
Bridging the Gap to the Traditional Financial System
The partnership has been live in beta mode since November, with its first customer the peer-to-peer exchange Paxful. “Bitwage bridges the gap between bitcoin and the traditional finance system,” Hayel Abbassi, Paxful Controller, said. “As a company that earns 100% of revenue in bitcoin, we are always looking for service providers who will accept digital currency. Paxful has a significantly sized team in the states and we need to pay them as employees on payroll, not as contractors. Bitwage has recently formed a partnership with a traditional payroll company who integrates into their platform to provide these services. Paxful simply sends bitcoin to an address, and our employees receive net checks with the proper federal and state taxes withheld.”
According to the announcement, U.S. Bitwage clients are also able to pay for benefits such as health insurance, as well as HR compliance services. Companies around the world are able to use their crypto holdings to pay local vendors in the U.S., E.U., U.K., Brazil, Philippines, India, Mexico, Argentina and other regions.
Would you be interested in settling payroll taxes with cryptocurrency? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The post American Companies Can Now Settle Payroll Taxes In Cryptocurrency via Bitwage appeared first on Bitcoin News.