Slush Pool, the oldest mining pool in the world, has included on the Bitcoin blockchain a recent bullish title by Reuters
Slush Pool, the world’s oldest mining pool, has included a Reuters title about Bitcoin’s bull run in 2020 in a block added to the blockchain.
„The dollar plummets in the hope of a new stimulus package; Bitcoin reaches its highest peak ever“ is now part of Bitcoin blockchain number 659,678.
Announcing the news on Twitter, Slush Pool explained that the pool’s miners wanted to „immortalize“ the positive headline published by a mainstream newspaper, making it immortal on the Bitcoin blockchain (BTC):
„Our miners asked us to immortalize it. Blockchain 659678: Reuters 01/Dec/2020 Dollar plummets on U.S. stimulus hopes; bitcoin hits all-time peak“.
Reuters published the article on the weakness of the U.S. dollar while Bitcoin reached a new all-time peak on December 1. The author, journalist Gertrude Chavez-Dreyfuss, pointed out that the decline of the dollar coincided with the news of a second economic aid package against COVID-19 in the United States.
The recording of the article in the Bitcoin blockchain seems to recall the genesis blockchain, which contains a headline from 2009 in The Times newspaper: „The Chancellor on the brink of a second bailout for the banks“.
As already reported by Cointelegraph, on December 1 Bitcoin reached a new historical high on some cryptocurrency exchanges, exceeding $ 19,892.
During the ongoing rise in the crypto markets, the mainstream media paid much more attention to Bitcoin and the industry in general. Peter Schiff, gold bug and well-known Bitcoin skeptic, has criticized the coverage of the current crypto boom by news agencies:
„CNBC’s excessive coverage of #Bitcoin establishes a new low point for the ethics of financial journalism.
You could be fired if you don’t own Bitcoin, reveal CoinShares to CNBC
Once the possession of Bitcoin could have cost the career of an asset manager: now it is the opposite, reveals the president of CoinShares
Danny Masters, president of CoinShares and former commodity trader at JP Morgan, explained on CNBC that the financial landscape has changed so much that not having exposure to Bitcoin could be a riskier move for portfolio managers than investing in cryptocurrency.
During an interview with Power Lunch, the director of digital asset management mentioned that in the past investing money in Bitcoin was considered risky for asset managers in the institutional environment. However, he said that the „perceived career risk associated with having Bitcoin in your institutional portfolio, as a portfolio manager, is rapidly migrating to a career risk of not having Bitcoin in your portfolio, and it is a truly extraordinary development.