Are Cardano (ADA) Rewards Income? | Cardano Rumor Rundown #119

Cardano (ADA) has recently been included in the investment products of Grayscale. Interestingly, two executives from Grayscale and DCG are also on the Board of Directors of an ETC entity that has recently added Charles Hoskinson. Finally, reports indicate this all appears to have been preceded by an additional $50MM investment by DCG into a Grayscale ETC product. Very interesting timing for all three things to happen so closely together.

———————————————————-

Hardware Wallet–Ledger Nano►►
https://shop.ledger.com/pages/ledger-nano-x?r=22b91109f704

Army of Spies Shirts & Hoodies►►
https://army-of-spies.creator-spring.com/

Fresh Roasted Coffee from Africa, Central America, & Asia►►
http://bit.ly/AOSOfficialFreshRoastedCoffee

Disclosure: Some product links are affiliate links. I may receive a small commission for purchases made through these links.

———————————————————-

Timestamps►►
0:00 Intro
0:32 IRS Notice 2014-21
4:57 The Jarrett Lawsuit
8:43 Newly Created Property Argument
13:36 Just deferred taxation?
14:52 Wide Reaching Implications
15:40 Delegator 1099s?
16:39 Impractical Outcomes

———————————————————-

Companion Reddit thread ►►
https://www.reddit.com/r/cardano/comments/ojactn/cardano_rumor_rundown_july_13_2021/

———————————————————-

Complete list of previously covered items ►►
https://www.armyofspies.io

———————————————————-

TWITTER ►► https://twitter.com/ArmySpies
REDDIT ►► https://www.reddit.com/user/ArmyofSpies
WEBSITE ►► https://armyofspies.net

———————————————————-

#Cardano #ADA #cryptocurrency

Post Author: CoinCryptoNews