Oldest Bitcoin Mining Pool Immortalizes Famous Reuters Headline
The oldest crypto mining pool that can be found nowadays is the Slush Pool. The pool made the decision to include the now-famous Reuters headline about the spectacular Bitcoin bull run of 2020 in a block. This is something they accomplished on December 2nd, 2020. The popular headline from Reuters, ‘Dollar plummets on U.S. Stimulus Hopes; Bitcoin Hits all-time peal’ can now be found on block number 659678 of the leading cryptocurrency. As of now, this historic time will exist forever on the Bitcoin network and will probably be regarded as a major historic moment in the crypto industry.
The event was announced by Slush Pool on Twitter, where it said all miners of the pool just wanted to immortalize the headline, which is extremely bullish, as it came from a mainstream media platform. This title can now be found on the Bitcoin blockchain and this title will now live on forever. Reuters had published the article for highlighting the weakening of the U.S. Dollar, just as Bitcoin was reaching its all-time high for a short period of time on December 1st. The piece’s columnist, Gertude Chavez-Dreyfuss, noted that the decline of the dollar was in tandem with the US government planning on issuing a financial aid package.
Slush Pool has just honored the Genesis Block of Bitcoin by their move to coding this Reuters headline into the Bitcoin Network. This block had a headline that had been published by the Times in 2009. It had been put on the block for serving as a reminder of the weakness of the existing financial system, as the headline said ‘Chancellor on brink of second bailout for banks’. Bitcoin had managed to reach a new all-time high on some crypto exchanges around the world, albeit briefly, and it surpassed its previous high of $19,892.
Ever since Bitcoin has gone on a new rally, the mainstream media seems to have taken a renewed interest in the crypto space, with the first cryptocurrency taking the spotlight. One of the biggest gold supports and crypto critic, Peter Schiff had also criticized all the coverage that the news agencies were giving to the crypto space. On December 1st, the man went as far as saying that the coverage CNBC was giving to Bitcoin, is a ‘new low’ for financial journalism’s ethics. No matter how much the critics and naysayers of the crypto space want to deny it, the fact is that that the industry has entered a new stage.
This time around, it has been getting a lot of interest from institutional investors, which makes it apparent that this 2020 Bitcoin bull-run is a lot different than the one it had in 2017. However, the only problem is that it is just not apparent how different this one is. People have been keeping an eye on Bitcoin’s performance and it has already experienced a pull-back. But, it is once again on the way and there is a good chance that it will establish a new all-time high soon.