Top News:
✓ The South Korean government is not banning or cracking down on cryptocurrency trading. Instead, the South Korean government has approved and recognized Bitcoin and cryptocurrencies as a new and major asset class, and intends to regulate exchanges as legitimate financial service providers;
✓ The Ethereum price has surpassed $752 for the first time in history, led by the US market;
✓ The Federal Reserve agreed to raise its rate target by 0.25% to 1.25%-1.5%, and maintained its forecast for additional rate hikes in 2018 despite growing concerns over the slow pace of inflation;
✓ Retail giants Walmart and JD.com are among several companies backing a new blockchain effort in China focused on food safety and traceability;
✓ Coinbase has appointed former PayPal and Facebook executive David Marcus to its board of directors to help “guide” the largest US Bitcoin exchange and wallet provider going forward;
✓ Apple just released iOS 11.2.1 for iPhones and iPads, which fixes a bug in HomeKit which potentially allowed hackers to take advantage of smart home devices, such as smart locks.*
* Information source: cryptocoinsnews, cointelegraph, cnbc, coindesk, coinmarketcap, investing (US Dollar Index Futures as of 10:50:05 GMT)

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