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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.

bitcoin-halal2-052418.jpg A mosque in East London has reportedly declared that Bitcoin is acceptable in the eyes of Allah, if it is "transacted in a lawful manner." Religious advisers at the Masjid Ramadan in Dalston, east London, have made it clear that Muslims can make Ramadan donations using Bitcoin, media reports say. The mosque issued the Fatwa at the beginning of the holy month of Ramadan, during which Muslims are

The Federal Reserve continues to project two more rate hikes are on the way this year with three more on the way for 2019, according to the minutes of their most recent meeting. There was no interest rate hike at the May meeting, but policy makers debated the threat of inflation and acknowledged trade-related...

john-mcafee-crypto-052318.jpg Internet security expert and cryptocurrency enthusiast John McAfee has come back with yet another bullish prediction on the crypto market. "Institutional investors are preparing to enter the cryptocurrency market with a vengeance. They are generally long term investors and will be pumping billions into the market", McAfee, the founder of the computer anti-virus company named after him, tweeted.

cryptos-may23.jpg Bitcoin and its peers drifted lower for a third day as market sentiment remained damped due to regulatory concerns and gloomy predictions dwarfed the boost from positive remarks. Here is wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.

robert-shiller-broken-bitcoin-0523189.jpg Robert Shiller, a Nobel laureate, said cryptocurrencies could turn out to be just another failed currency experiment. "As in the past, the public's fascination with cryptocurrencies is tied to a sort of mystery, like the mystery of the value of money itself, consisting in the new money's connection to advanced science," Shiller wrote in a blog on the Project Syndicate website.

new-home-sales-052318.jpg A report released by the Commerce Department on Wednesday showed a pullback in new home sales in the U.S. in the month of April. The report said new home sales fell by 1.5 percent to an annual rate of 662,000 in April after jumping by 2 percent to a revised rate of 672,000 in March.

altcoin-052318.jpg Altcoin means alternative coin and it is any cryptocurrency other than Bitcoin. Bitcoin is the first cryptocurrency and altcoins followed. Some are built on the same distributed ledger technology as Bitcoin, while others are created on new platforms such as Ethereum and IOTA.

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