For the sake of taxes, it is important to separate rewards from the stakes. Many feel that the idea of rewards flowing back into the stack immediately is a problem.
Cardano Foundation tweeted: “Staking taxation is one particular matter that we are pushing with our POSA allies. In 2019, meetings with the Department of Treasury, Internal Revenue Service, Office of Tax Policy, and key decision-makers were held in Washington DC.”
Input-Output stated that the Shelley Public Testnet would be opening up on June 09, 2020. The Shelley Public Testnet will open up so that any operator that wants to set up a Cardano stake pool can do so, ready for staking and delegation on the mainnet later this summer.
Previously IOHK tweeted: Today marks the start of our public #Shelley testnet, a hugely important milestone on our shared journey to Shelley mainnet. From right now, any operator who wants to run a @Cardano pool can start getting ready for mainnet staking & delegation later this summer #ShelleyTestnets.
Charles Hoskinson tweeted: Deadline met: Pioneer Testnet is open to the public. Start staking kids!
Users are of the opinion that the Cardano is moving very fast. This is the pool that one can build on, and it will later go live on mainnet. The documentation for ITN and Shelley are looking very different. It is expected that the ITN will end soon.
Sydney Ifergan, the crypto expert, tweeted: “Just waiting to see the exciting events that will unfold after Cardano (ADA) Shelley Public Testnet opens.”
Some opined that a 10 seconds teaser video of the Cardano Video Summit would pump the rates up.
Charles Hoskinson tweeted: “I just watched one of the greatest teaser videos of my life for the Cardano Virtual Summit. I can’t wait to release it. The media team literally is holding me down and hog-tieing me to prevent me.”
Some compared the Charles tweet to be like TRON’s Justin Sun and therefore commented, “Wow, that is very Justin Sun of you!”
No clear plans have been declared so far about the exact day of the release. Many of them are the impression that it is likely to be a fantastic project, and they expressed that they are looking forward to see it.
Network news apart, Charles Hoskinson had a say to the public officials in his June 07, 2020 tweet, which is worth watching.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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