#it

On September 20, Michael Saylor’s MicroStrategy revealed that it had purchased another 7,420 BTC, with the acquisition totaling approximately $458.2 million.

“It’s cool to hate Ethereum right now. I bet this ends up looking silly,” Bitwise CIO Matt Hougan remarked as BTC's dominance over ETH rises, with the ETH/BTC ratio dropping below 0.04 for the first time since 2021.

In a move that feels like it’s straight out of a crypto-thriller, the UK government proposed a new legislation aimed at clarifying the legal status of digital assets such as cryptocurrencies, NFTs, and others. Known as the Property (Digital Assets etc.) Bill, this marks a significant milestone in providing legal recognition for all digital assets, classifying them as personal property.

According to some investors, many tech companies are facing a crisis that’s being overshadowed by the AI hype. Problem areas include software development, IT consulting, and even traditional sectors like the auto industry.

NaNoWriMo, the nonprofit known for its annual novel-writing contest, recently lost four board members and a key financial sponsor after it stated that rejecting artificial intelligence amounted to class inequality and discrimination against people with disabilities.

On September 18, the U.S. Federal Reserve announced a 50 bps reduction in its benchmark interest rate, bringing it down to 5%.

The new stablecoin USDS, poised to replace DAI, might feature a decentralized process for appealing frozen assets if such measures are implemented in the future. Currently, there is no mechanism for freezing funds, but it could be added through an update to the smart contract.

YouTube launched an AI-based chatbot aimed at assisting content creators in regaining control of their accounts if they’ve been compromised. For now, it’s available to a select group of users, but the developers intend to make it accessible to everyone.