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11 Jan 2024 — 4 min read

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Bitcoin ETF’s:

Yesterday, the U.S. Securities and Exchange Commission (SEC) gave the green light to 11 Bitcoin-based exchange-traded funds (ETFs), a significant move that marks the first such approval in the U.S. This decision is set to expand the accessibility of Bitcoin to a broader range of investors through the traditional financial market. A Bitcoin ETF allows investors to gain exposure to Bitcoin without the complexities of direct cryptocurrency trading.
It tracks the price of Bitcoin, offering a more regulated investment option. This approval by the SEC is a considerable breakthrough for the digital asset sector, potentially leading to increased mainstream adoption of cryptocurrencies. The day before the official approval, the SEC's social media account was compromised, leading to a misleading post claiming the ETFs had already been approved. This false announcement caused temporary market confusion and led to significant fluctuations in Bitcoin's price.
The SEC later clarified that their account had been hacked and that the initial announcement was incorrect. The approval of these Bitcoin ETFs is a notable shift from the SEC's previous reluctance to embrace such financial products, dating back to the first Bitcoin ETF proposal in 2013. The decision signals growing regulatory acceptance of cryptocurrencies and could pave the way for further integration of digital assets into conventional financial systems.

OpenAI GPT Store:

Yesterday, OpenAI launched the GPT Store, a significant addition to its AI product line, now available to ChatGPT Plus, Enterprise, and Team subscribers. This platform enables users to create and customize their own AI chatbots, a user-friendly feature that doesn't require programming skills. The store is part of OpenAI's effort to make AI more accessible and practical for everyday use.
The GPT Store, first announced at OpenAI's DevDay, showcases a range of custom chatbots, such as DesignerGPT, which can assist in tasks like website creation. A key feature is the leaderboard, highlighting the most popular chatbots, although the store is not yet open to free-tier users. OpenAI also plans to implement a revenue-sharing program by April 2024, where creators in the U.S. can earn based on user engagement with their GPTs.
In addition to the GPT Store, OpenAI introduced ChatGPT Team, a new subscription tier designed for small groups. This tier offers premium features, including access to the GPT Store, advanced capabilities like image generation, and the latest GPT-4 with vision. These developments represent OpenAI's ongoing commitment to expanding the practical applications and accessibility of AI technology.

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