MATIC says ‘no’ to crypto bears with new all-time highs, weekly gains near 120%

Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC/USD 1-hour candle chart (Coinbase). Source: TradingView MATIC hits fresh record high Cointelegraph Markets Pro and TradingView showed MATIC/USD reaching $2.18 during trading on May 18 in firm defiance of the broader market downtrend. After being listed on major exchange Kraken on May 17, MATIC surged, continuing a dramatic uptick that had begun when Kraken released the news earlier this month. VORTECS™ data from Cointelegraph Markets Pro began…

As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains – Markets and Prices Bitcoin News

Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after the recent Tesla controversy. Distributed ledgers that use delegated validation nodes and proof-of-stake (PoS) blockchains have made double-digit gains in recent days. Green Energy Gains: Cardano, Polkadot, and Polygon Shine As soon as Elon Musk…

What Is Nano? Fee-Free Crypto Asset Gains 60% Intraday – Bitcoin News

Nano, a relatively obscure cryptocurrency, managed to catch the spotlight yesterday due to its singular transactional proposal. But, what is Nano really, and why did the token manage to skyrocket more than 60% in just a few hours? Nano and Its Fee-Free Approach Nano, a fairly unknown cryptocurrency for people not directly related to the crypto world, that features a fee-free transactional method, managed to catch the spotlight yesterday. Nano’s price raised more than 60% in just a few hours, surprising investors who normally don’t take it as…

Indonesia considers capital gains tax on cryptocurrency trades

Neilmaldrin Noor, a spokesperson for the Indonesian Directorate General of Taxes, said that the authority is considering a tax scheme for capital gains generated from cryptocurrency trades, Reuters reports Tuesday. “It is important to know that if there is a profit or capital gain generated from a transaction, the profit is an object of income tax,” the official stated. Noor said that Indonesian taxpayers who receive capital gain from crypto trades would have to pay the tax and report it to the government.  The official noted that the new crypto…

Ethereum Trims Gains, Here’s What Could Trigger Larger Decline

Ethereum traded to a new all-time high above $4,200 before correcting lower against the US Dollar. ETH price is now trading well below $4,000, with a few bearish signs. Ethereum extended its rally above $4,000 and it traded to a new all-time high near $4,215. The price is now correcting below $4,000 and testing the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue…

Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High – Privacy Bitcoin News

On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen significant gains as well. Monero XMR Taps a New ATH Before Most Privacy Coins While cryptocurrencies have been growing wildly in value, the climate of regulation has stepped up a great deal. Governments and blockchain surveillance firms worldwide…

Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’

The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or “casino market”? In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains. This year has also seen a curious shift in market focus from a token’s…

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Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network

The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today.  Blockchain-based global remittance platforms are one sector of crypto projects that have evolved over time to help meet the needs of peer-to-peer money transactions, and Telcoin (TEL) is one such project that has made significant gains in 2021. TEL/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the price of Telcoin has surged more…

Ethereum Corrects Gains, Here’s What Could Trigger Fresh Rally

Ethereum extended its rally and it traded to a new all-time high above $3,520 against the US Dollar. ETH price is correcting gains, but it is likely to start a fresh rally above $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,525. The price is now trading well above $3,200 and the 100 hourly simple moving average. There is a crucial breakout pattern forming with support near $3,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either…