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spain-governor-crypto-risk-052518.jpg The head of Spain's central bank has said that he believes cryptocurrencies currently present "more risks than benefits." At the same time, he is appreciative of the blockchain technology, which, according to him, has the potential to improve efficiency and reduce costs. Banco de Espana (Bank of Spain) Governor Luis Maria Linde shared his views on cryptocurrency and blockchain while addressing a

weekly-roundup-052518.jpg Cryptocurrencies declined for the large part of the week, mainly due to regulatory concerns, but was attempting a rebound Friday morning. Bitcoin sunk below $7,300 by Thursday as a news report suggested that the US government was planning to launch a criminal probe into the allegations of price manipulation in the top cryptocurrency.

consumer-052518.jpg Consumer sentiment in the U.S. unexpectedly saw a modest deterioration in the month of May, according to revised data released by the University of Michigan on Friday. The report said the consumer sentiment index for May was downwardly revised to 98.0 from the preliminary reading of 98.8.

cryptocurrency-daily-roundup-052518.jpg Major cryptocurrencies were modestly higher Friday morning after four days of weakness. The Bitcoin price dropped below $7,300 Thursday, but has since attempted a comeback. Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.

durable-goods-orders-052518.jpg With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Friday showing a bigger than expected decrease in new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders slumped by 1.7 percent.

bitcoin-faucet-052518.jpg BITCOIN FAUCET is a means to dispense bitcoins as a reward. These are often websites or mobile apps that dispense bitcoins in its small units or satoshis as rewards for visiting them or for performing some small task such as captcha completion.

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Friday showing a bigger than expected decrease in new orders for U.S. manufactured durable goods in the month of April.

bitcoin-drop-052418.jpg Bitcoin continued to lose its weight for the fourth consecutive day this week, pointing to the possibility of extending the slide further to $7,000 in the next 24 hours. The most popular Cryptocurrency opened at $7,650 on Thursday, and was trading for $7272 at a later stage on Bitfinex - its lowest point since April 12. Although it recovered slightly within hours, BTC lost its value by 5 percent

india-crypto-gst-052418.jpg India may slap an 18 percent Goods and Services Tax on cryptocurrency trades, and Bitcoin and its peers could be treated as intangible goods similar to software, the business news outlet BloombergQuint reported, citing people familiar with the matter. The proposal comes even as there is uncertainty regarding the legal status of cryptocurrency in the country.

existing-home-sales-052418.jpg After reporting a bigger than expected increase in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales pulled back by much more than expected in the month of April.

ecb-052418.jpg ECB policymakers agreed that the underlying growth momentum in the euro area remained intact, though the uncertainty regarding the outlook has increased, the minutes of the European Central Bank's April 25-26 rate-setting session showed Thursday.

cryptocurrencies-daily-roundup-052418.jpg Bitcoin and its peers continued their declining trend from the past few days on Thursday amid heightened concerns over increasing regulation. The top cryptocurrency dropped below $7,300, before bouncing back modestly. Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

joblessclaims-052418.jpg For the second consecutive week, the Labor Department released a report on Thursday showing a weekly increase in first-time claims for U.S. unemployment benefits. The Labor Department said initial jobless claims climbed to 234,000 in the week ended May 19th.

ddos2-02418.jpg DDoS is short for distributed denial of service. This is a form of cyber attack, common in the cryptocurrency and fintech world. In a DDoS attack, an army of zombie computers flood the targeted website or network with superfluous service requests.

For the second consecutive week, the Labor Department released a report on Thursday showing a weekly increase in first-time claims for U.S. unemployment benefits.

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