Author: Kryptonews

Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale. In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed during the Terra ecosystem collapse. “This is the story of how I made three million dollars and lost it,” Mann sings. “And how I owed the IRS more money than I made in 10 previous years.” Source: Jonathan MannMusician owed $1.1 million in taxes on NFT salesMann…

Tony Kim Jun 06, 2025 16:44 Solana’s Alpenglow aims to revolutionize blockchain consensus with 100x faster finality, replacing Proof of History with Votor and Rotor systems. Solana has unveiled its latest consensus upgrade, Alpenglow, which promises to enhance blockchain finality by a factor of 100. Developed by Anza’s research team, led by ETH Zurich’s Professor Roger Wattenhofer, Alpenglow replaces Solana’s existing Proof of History and Tower BFT systems with new components named Votor and Rotor. According to Sei, this transition aims to achieve deterministic finality in just 100-150 milliseconds under optimal conditions, compared…

The Ethereum network will be undergoing a scheduled network upgrade at block 15,050,000, which is expected to occur on Wednesday, June 29, 2022. The exact date is subject to change due to variable block times and time zones. Please upgrade your node before Monday, June 27, 2022 to account for variable block times. What is Gray Glacier? The Gray Glacier network upgrade changes the parameters of the Ice Age/Difficulty Bomb, pushing it back by 700,000 blocks, or roughly 100 days. This has also been done in the Byzantium, Constantinople, Muir Glacier, London and Arrow Glacier network upgrades. No other changes…

Introduction Enterprise blockchain governance is evolving rapidly as companies explore decentralized autonomous organization (DAO) models to enhance transparency, efficiency, and decision-making. Traditional corporate structures are being challenged by DAOs, which leverage blockchain technology to automate rules, ensure democratic processes, and reduce centralized control. This shift reflects a growing need for more adaptable, secure, and community-driven governance systems within enterprises. What Are DAOs? DAOs, or decentralized autonomous organizations, are blockchain-based entities that operate under a set of predefined rules encoded in smart contracts. Unlike traditional hierarchies, DAOs allow members to vote on proposals, allocate resources, and adjust policies in a transparent…

In brief Circle’s stock price peaked at $123 on Friday, effectively quadrupling since its IPO yesterday. Its first-day surge outpaces even tech darlings like Airbnb, which doubled its IPO price at launch in 2020. Circle’s market capitalization, however, is lower than those of such tech giants. Circle’s dynamite IPO this week wasn’t just impressive by crypto standards—it outperformed expectations to a degree unrivaled even by America’s most prominent tech companies.The evening before its Thursday trading debut on the New York Stock Exchange, Circle priced its stock, CRCL, at $31 a share. That represented a mark-up from the lower share prices…

Alex Protocol, a Bitcoin decentralized finance (DeFi) platform on the Stacks blockchain, suffered an exploit on June 6, resulting in $8.3 million in digital asset losses.  In an X announcement, Alex Protocol said the breach was caused by a vulnerability in its self-listing verification logic. The attacker used the flaw to drain liquidity from several asset pools. The Bitcoin DeFi platform said the attackers siphoned about 8.4 million Stacks (STX) tokens, 21.85 Stacks Bitcoin (sBTC), 149,850 in USDC (USDC) and USDt (USDT), and 2.8 Wrapped Bitcoin (WBTC). The incident is one of the largest exploits in the Stacks ecosystem to date.In response…

Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25 EH/s by the end of 2025.The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency remained steady at around 20 joules per terahash (J/TH), and its…

Bitcoin has been caught in a period of consolidation lately, leaving investors wondering if a significant breakout is on the horizon. Trading within a relatively narrow range, the leading cryptocurrency has displayed a lack of clear directional momentum, leading to a sense of anticipation and uncertainty within the market.## Understanding the Current Consolidation PhaseConsolidation in the crypto market, particularly with Bitcoin, often occurs after a period of significant price movement, either upward or downward. This phase represents a temporary equilibrium between buyers and sellers, where neither group has enough dominance to push the price significantly in their desired direction. This…

Non-fungible token (NFT) artist Jonathan Mann, the musician behind the “Song A Day” project, has turned his crypto tax ordeal into a cautionary musical tale. In a new track shared on X, Mann recounted how he made $3 million selling his entire back catalog as NFTs, only to see it vanish as the market crashed during the Terra ecosystem collapse. “This is the story of how I made three million dollars and lost it,” Mann sings. “And how I owed the IRS more money than I made in 10 previous years.” Source: Jonathan MannMusician owed $1.1 million in taxes on NFT salesMann…

Ethereum’s Scalability Crisis: Can Upgrades Deliver? Ethereum, the second-largest blockchain by market capitalization, has long struggled with high transaction fees and slow processing times—problems that have grown more pressing as decentralized finance (DeFi) and non-fungible tokens (NFTs) surge in popularity. The network’s current mainnet processes around 15-30 transactions per second (TPS), a far cry from the scalability required for mass adoption. To address this, Ethereum developers have been working on several upgrades designed to drastically improve throughput. But will these solutions be enough, or will competitors overtake the network? Ethereum 2.0 and Layer-2 Solutions: The Road to Scalability The Ethereum…