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In the second installment of our series on key moments from Bitcoin’s history, we look at the circumstances that led to the selection of the distinctive ₿ symbol and corresponding logo. As internet records show, the initial Bitcoin logo was one of the few nontechnical aspects of Bitcoin in which Satoshi Nakamoto had a say.

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From Stockholm to New York, major global hubs are ditching cash for cards. As contactless payment devices including smartphones and smartwatches proliferate, hard currency is falling out of favor. But for all the convenience that touch payments bring, the cashless transition has major ramifications for the most underserved segments of society.

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In today’s edition of The Daily, we look at the effect of cryptocurrency on video gaming, banking laws and popular media. A leading PC manufacturer wants to enable gamers to mine, a U.S. state has passed a bill to create dedicated financial institutions for cryptocurrency startups, and Bitcoin is on TV again.

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On Saturday, Dec. 1, the Copernicus project announced the launch of its full node implementation pre-release written in the programming language Golang (Go). Following the release, the client was used to generate the first Golang version of a Bitcoin Cash block mined at height 558847.

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Coinzoom Australia said Dec. 3 that it has been officially registered as a digital currency exchange with financial watchdog Austrac. The registration allows the exchange to operate legally according to Australian law. It will also function as a fiat-to-crypto exchange, with support for a variety of digital assets, including the buying and selling of BTC, BCH and XRP.

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Japan’s Financial Services Agency has held several meetings to discuss how to best regulate initial coin offerings. In addition to registration requirements, the regulator reportedly plans to amend two existing laws that can be applied to token sales.

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While some countries have taken the lead to regulate various aspects of using cryptocurrencies, many have left the matter completely up in the air. This might soon change as pressure is mounting on governments to develop standards for crypto regulations, as evident by the latest G20 meeting of top politicians from around the world.

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Cryptocurrency markets have seen losses over the last 24 hours and since our last markets update five days ago. Since then, most of the top cryptocurrencies have been moving sideways in a tight consolidated pattern. At the moment, the market capitalization of the entire digital asset economy is valued at roughly $125 billion and markets are seeing around $13.4 billion in global trade volume.

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Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers.

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On Nov. 27, the world’s second-largest semiconductor chip maker, Intel, was granted a patent for a processing system that mines Bitcoin but utilizes more “energy-efficient hardware accelerators.” According to the patent called the “Optimized SHA256 Datapath,” the newly invented “high-performance” Bitcoin mining process could reduce overall power consumption by 15 percent.

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