PlayIconNav
BTC
$65,201.41+0.44%
ETH
$2,950.98-0.84%
BNB
$566.37-2.56%
SOL
$158.03+3.22%
XRP
$0.52093977+1.49%
DOGE
$0.15082672+0.41%
ADA
$0.45735191+2.43%
SHIB
$0.00002445+3.29%
AVAX
$34.01+0.26%
TRX
$0.12563717-0.42%
WBTC
$65,231.62+0.46%
Ad
Headline: Type headline here...Sub-Headline: Type sub-headline here, for no more than 2 lines. (about 90 characters)
00
DAYS
00
HR
00
MIN
00
SEC
Markets

In Echo of Bitcoin's Genesis, Mining Pool Embeds Reuters Headline on the Blockchain

Slush Pool has immortalized a potentially iconic Reuters headline on the Bitcoin blockchain.

By Tanzeel Akhtar
AccessTimeIconDec 3, 2020 at 1:36 p.m. UTC
Updated Aug 19, 2021 at 5:57 a.m. UTC
btc-reuters-2
Static Headline: Amazing Event
Static Subheadline: Oct 24, 2023 - City, StateStatic description: Where the industry establishes the digital economy’s legal, regulatory and compliance best practices for the future.Subscribe Today

A cryptocurrency mining pool has immortalized a potentially iconic Reuters headline on the Bitcoin blockchain.

  • Slush Pool, which recorded block 659678 on the chain on Wednesday, included the headline: “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” in one of the data fields.
  • Reuters' article, juxtaposing ailing cash alongside the surging bitcoin cryptocurrency, is being seen as an echo of pseudonymous Bitcoin inventor Satoshi Nakamoto's famous inclusion in the cryptocurrency's genesis block.
  • The very first block mined for bitcoin was embedded with the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," in a presumed reflection of Satoshi's view on the risks of fractional-reserve banking.
  • Bitcoin and the U.S. dollar have been moving in opposite directions since March this year, with USD today having hit its lowest value since April 2018.
  • The dropping dollar and expectations of rising inflation as central banks undertake unprecedented money-supply boosting policies amid the pandemic are seen as a growing reason to adopt bitcoin as a hedge like gold.
  • Amid this scenario, bitcoin reached a new record high of $19,920 on Dec. 1, helped along by listed firms starting to invest in the cryptocurrency as a treasury asset.
VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • See also: First Mover: Bitcoin’s Failure to Break $20K Shows Big Investors Only Just Arriving

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.