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CaliforniaStateAssemby-Blockchain-022318.jpg A bill to amend California's electronic records law, aimed at recognizing blockchain transactions, digital signatures, and smart contracts as legal forms of record, has been introduced in the State Assembly. Assembly Bill 2658, titled "Electronic records: the Uniform Electronic Transactions Act: blockchain technology," was introduced by Majority Leader Ian Calderon.

Cryptocurrency-cybercrime-022318.jpg A new report on the global economic impact of cybercrime has named three cryptocurrencies that provide greater security to cybercriminals and help them evade policing. Cryptocurrency is proven to be the favored currency for darknet marketplaces, with cybercriminals taking advantage of its pseudonymous nature and decentralized organization to conduct illicit transactions and demand payments.

LeadingIndicatorIndex-022218.jpg Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.

weeklyjoblessclaims-US-022218.jpg A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th. The report said initial jobless claims dipped to 222,000, a decrease of 7,000 from the previous week's revised level of 229,000.

Crypto-Cybercrime-022218.jpg Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.

A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th.

Venezuela-PetroGold-022218.jpg Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.

The Federal Reserve is on track to raise interest rates gradually over the course of the year, according to the minutes of the central bank's most recent meeting. Markets were paying close attention for any hints that policy will be different under new Fed Chair Jerome Powell, who replaced Janet Yellen...

ExistinghomeSales-022118.jpg Existing home sales in the U.S. unexpectedly showed a steep drop in the month of January, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales tumbled by 3.2 percent to an annual rate of 5.38 million.

venezuela-petro-022118.jpg The government of Venezuela has announced that its national cryptocurrency can be used as a form of payment for a number of services and commercial transactions, as an alternative to the country's devalued hard currency. Venezuelan President Nicolas Maduro has launched the pre-sale of El Petro (PTR), the first national cryptocurrency in the world, to ease the country's economic crisis.

Petro-Presale-Raises-022118.jpg The pre-sale of Venezuela's cryptocurrency evoked overwhelming response on the first day, the country's President says. Nicolas Maduro claimed that $735 million was raised within 20 hours of initial sale. Blockchain experts had warned El Petro (the Petro) is unlikely to attract significant investment. Maduro launched El Petro, the first national cryptocurrency in the world, on Tuesday.

southkorea-cryptos-022118.jpg South Korea apparently relaxed its stance on cryptocurrencies as the country's financial services watchdog said the government will support "normal transactions" in such currencies. The comment by Choe Heung-sik, governor of the Financial Supervisory Service, boosted the sentiment in the market, sending prices of cryptocurrencies such as Bitcoin higher.

southkorea-tradingrise-022018.jpg The commission-related sales of South Korean cryptocurrency exchanges have increased by about 88 times last year compared to the previous year, a report said. South Korea's Yonhap news agency published government data collected by Rep. Park Kwang-on. Total commission-related sales of around 30 cryptocurrency exchange operators in the country are estimated to have reached 700 billion won last year.

Petro-Venezuela-022018.jpg Venezuela has officially launched the pre-sale of its new cryptocurrency Petro, which President Nicolas Maduro hopes would help ease the country's economic crisis, and circumvent U.S.-led sanctions. "Petro is born and we are going to have a total success for the welfare of Venezuela," State-sponsored Telesur television network quoted Maduro as saying Tuesday. Maduro said it will be a busy day.

crypto-dailyroundup-022018.jpg Bitcoin has staged a strong rebound from the $6,000 low it reached early this month and the sentiment in the cryptocurrency market remains bullish. More on regulation front, Switzerland, which hosts a "crypto-valley", has released new guidelines for initial coin offerings, while the UK central bank chief said Bitcoin failed as a currency.

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