“Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak” is now part of Bitcoin block number 659678.
Announcing the news on Twitter, Slush Pool said that the pool’s miners wanted to “immortalize” the bullish Bitcoin (BTC) headline from mainstream media, making it live forever on the Bitcoin blockchain.
Reuters published the article about the weakening U.S. dollar while Bitcoin was hitting all-time highs on Dec. 1. In the piece, columnist Gertrude Chavez-Dreyfuss noted that the U.S. dollar’s drop coincided with the news of a second COVID-19 relief bill being discussed in the Unite States Congress.
Encoding the article in the Bitcoin blockchain seems to be a nod to the genesis block, which contains a 2009 headline from The Times that reads, “Chancellor on brink of second bailout for banks.”
As Cointelegraph previously reported, Bitcoin hit a new all-time high on some crypto exchanges on Dec. 1, surpassing $19,892.
Amid an ongoing rally on crypto markets, mainstream media has significantly increased its focus on the industry and Bitcoin. Peter Schiff, a gold enthusiast and one of the biggest Bitcoin naysayers, has opposed news agencies’ coverage of the current crypto boom. “CNBC’s excessive coverage of Bitcoin sets a new low in financial journalism ethics,” Schiff said in a Dec. 1 tweet.