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Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today, in crypto, Turkey’s new cryptocurrency regulations mandate that users provide identification for transactions over 15,000 Turkish lira ($425), starting Feb. 25, 2025.

BlackRock’s Bitcoin ETF has seen its biggest-ever outflow just before Christmas. Meanwhile, MicroStrategy called a special shareholders meeting to fund its $42 billion Bitcoin acquisition plan.

Turkey introduces stricter crypto AML regulations
Turkey introduced new cryptocurrency regulations inspired by positive regulatory developments in the world’s major jurisdictions, including Europe.

Under the new regime, users executing transactions of more than 15,000 Turkish lira ($425) will be required to share their identifying information with the country’s crypto service providers,

according to a Dec. 25 document issued by the Official Gazette of the Republic of Turkey.

Crypto service providers are not required to collect information for digital asset transfers below the $425 threshold. Turkey’s new regulations are set to go into effect on Feb. 25, 2025.

IBIT sees record bleed on Christmas Eve
BlackRock’s Bitcoin
BTC
tickers down
$98,706
exchange-traded fund (ETFs) saw its largest-ever single-day outflow on Dec. 24 amid the fourth straight trading day of outflows for the 12 United States Bitcoin funds.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Christmas Eve, beating its previous record outflow day of $72.7 million set just days earlier on Dec. 20, per CoinGlass data.

All 12 US spot Bitcoin ETFs saw joint total outflows hit $338.4 million on the day and have seen joint net outflows of $1.52 billion in the trading days since Dec. 19.

The Bitwise Bitcoin ETF (BITB) was the only one to see a pre-Christmas inflow of $8.5 million.

The Ether
ETH
tickers down
$3,494.92
ETFs, meanwhile, have seen continued momentum with a second day of inflows totaling $53.6 million, coming after a $130.8 million inflow on Dec. 23.

MicroStrategy calls shareholders meeting to fund more Bitcoin purchases
MicroStrategy has called a special shareholders meeting to seek approval for increasing its authorized shares to support its $42 billion Bitcoin acquisition plan, known as the 21/21 Plan.

The proposal includes increasing the number of authorized shares for both Class A common stock and preferred stock to provide more flexibility for future equity issuances.

Since October, MicroStrategy has significantly accelerated its Bitcoin purchases, acquiring 42,162 BTC in December alone. As of Dec. 22, the company owned over 444,000 BTC, valued at approximately $43.5 billion at current prices.

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Ethereum fees poised for rebound amid L2, blob uptick

In November, L2s have been posting some 3x more transaction data each day to the mainnet than they did in March.

Ethereum’s network revenues are poised to rebound as surging activity on layer-2 (L2) scaling networks drives demand for data

storage, according to cryptocurrency researchers and onchain data.

In November, Ethereum L2s have been posting upward of three times more transaction data each day to the mainnet than they did in March, according to data from Dune Analytics.

Ethereum’s revenues dropped by as much as 95% after the network’s March Dencun upgrade migrated L2 transaction data to temporary

offchain stores called “blobs” in a bid to cut costs for users, according to data from asset manager VanEck.

“ETH Fees Were Weak Due to Lack of Blob Revenues as L2s Have Not Filled Available Capacity,” Matthew Sigel, VanEck’s head of digital asset research, said in a Nov. 1 post on the X platform.

“There is Some Evidence this is Changing, thanks to Base, Scroll and World Chain,” Sigel said, referring to three popular L2s.

In September, Sigel said he expects Ethereum to generate up to $66 billion in annual free cash flow by 2030, driving spot Ether’s price as high as $22,000 per Ether
ETH
tickers down
$2,948.18
token.

His estimate reflects anticipated value accrual to ETH holders from transaction fees as Ethereum processes a growing portion of the world’s transactions.

“Ethereum processed roughly $4 trillion in settlement value over the last year and another $5 trillion in stablecoin transfers annually. So this is far bigger than PayPal and is beginning to approach networks like Visa,” Sigel said.

Since launching in 2015, Ethereum has generated $3 billion in fees (denominated in ETH), Sigel said.

Other ETH value accrual mechanisms include “burning” — or permanently removing from circulation — a portion of transaction

fees and emitting new ETH to reward stakers, who post ETH as collateral to secure the network.

On Nov. 6, ETH prices spiked 10% after crypto-friendly Republican Donald Trump prevailed in the United States presidential elections.

Meanwhile, US spot Ether exchange-traded funds (ETFs) saw net inflows of $52.3 million, the highest in six weeks.

Trump’s victory in the presidential election could pave the way for more crypto investing products to hit the US markets, including the

first staked ETH ETFs, according to Edward Wilson, an analyst at Nansen.

Other protocols are competing against Ethereum in data availability. They include Celestia, EigenDA and Avail, among others.

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TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M

TeraWulf said it will use the proceeds to buy cheaper Bitcoin miners and expand its AI and high-performance computing streams.

Bitcoin mining firm TeraWulf sold its stake in a 200 megawatt Bitcoin mining facility to its partner, Talen Energy, for $92 million — and said the proceeds will go toward AI and Bitcoin mining.

“This transaction allows TeraWulf to achieve a 3.4x return on its investment in Nautilus,” TeraWulf said in an Oct. 3 statement.

TeraWulf intends to reinvest much of the $92 million in building a 20-megawatt facility for hosting AI and high-performance computing data centers at its Lake Mariner base in western New York and buy more Bitcoin (BTC) miners.

“[It will] provide significant capital to invest into our HPC/AI infrastructure and capitalize on our favorably structured miner purchase agreement to upgrade our mining fleet at a discount to the current market price.”

TeraWulf said the move will lower its cost-to-mine and improve overall profitability while allowing the firm to maintain its commitment to predominantly utilizing zero-carbon energy.

The $92 million comprises $85 million in cash and 30,000 Talen-contributed miners and related equipment — valued at $7 million.

The firm is also looking to finish its “MB-5” Bitcoin mining building, which TeraWulf says may help lift its operating hashrate to 13 exahashes per second before March 31, 2025.

“This transaction underscores TeraWulf’s dedication to operational efficiency, cost management, and long-term shareholder value,

while also demonstrating proactive risk management.”

In July, TeraWulf told Cointelegraph that it was open to a merger to boost its operating hashrate but wouldn’t do so for the sake of “empire building.”

TeraWulf said it was focused on “organic growth” at its existing sites and shareholder returns.

Google Finance data shows that TeraWulf’s (WULF) share price rallied 8% to $4.71 on Oct. 3.

 

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Infinex NFTs top $40M sales in first four days, despite NFT bear market

The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.

Infinex’s latest non-fungible token (NFT) collection has amassed over $40 million worth of sales within the first four days despite the sluggish performance of the top NFT collections.

Infinex is a non-custodial platform offering easy access to onchain protocol and decentralized applications (DApps).

The platform’s new Patron NFT collection surpassed $40 million in sales within the first four days, according to an announcement shared exclusively with Cointelegraph.

According to Kain Warwick, the working group lead at Infinex Core, the NFT collection is expected to attract even more investor interest. Warwick wrote:

“The first phase of the Patron Sale has been incredibly exciting with major foundations, VC firms and angels joining, but the next waves are even more critical as we expand to the wider community.”

Over 74% of the Patron NFTs have already been sold, with just six days remaining from the NFT sale.

The $40 million sale comes during a significant market downturn for the wider NFT market. Some of the most popular blue-chip NFTs

are down over 74% from their peak valuations.

Infinex surpasses $150 million TVL peak
Infinex surpassed $150 million in total value locked (TVL) on July 25, thanks to its ongoing “launch season,” which attracted an additional $100 million in TVL within the first 10 days of the campaign.

Patron NFTs come in three tiers, costing either $5,000, $3,000, or $1,250, with the latter NFT being locked for 12 months from the

distribution date, meaning that they won’t be transferable until they gradually unlock.

Early-stage participants of the NFT sale include Framework Ventures, Wintermute, Wormhole Foundation, and Variantm, as well as prominent crypto figures such as Sergej Kunz, the co-founder of 1inch Network.

Infinex aims to replace centralized cryptocurrency platforms as the main point of contact for new crypto users.

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Nigeria’s SEC to crack down on unregulated crypto exchanges

Nigeria’s SEC will enforce regulations on unregulated crypto businesses as it aims to protect investors and encourage innovation in the growing market.

Nigeria’s Securities and Exchange Commission (SEC) plans to start enforcement actions against businesses and individuals involved in unregulated cryptocurrency transactions.

Emomotimi Agama, the director-general of Nigeria’s SEC, announced that Nigeria would be taking action against entities attempting to offer cryptocurrency services without proper regulation, according to a report by the local news agency Nairametrics on Sept. 9.

Agama emphasized that the measures align with the SEC’s commitment to protect investors, including those involved in the crypto industry. He stated:

“We are certainly going to commence enforcement actions on anyone who wants to operate in this market without the intention of being regulated. For those that do not want to play by the books, we will not allow them to operate within our space.”

Only two crypto exchanges are currently regulated in Nigeria
The SEC’s statement comes about two weeks after the Nigerian securities regulator issued the first provisional operating licenses to the two local crypto exchanges, Busha Digital and Quidax Technologies, on Aug. 29.

While there are a number of other SEC-approved businesses related to digital assets in Nigeria, Busha and Quidax are currently the only two exchanges officially supervised by the authority, according to its website.

According to Agama, the recent approvals of Busha and Quidax in Nigeria were driven by young Nigerians’

growing interest in digital assets. The official stressed the need for a clear regulatory framework that protects investors while encouraging innovation.

He mentioned that the SEC’s supervision of crypto will include checks related to Anti-Money Laundering and Combating the Financing of Terrorism protocols.

Inconsistency and lack of clarity in Nigeria’s crypto regulations
Industry observers agree that Nigeria’s approach to regulating cryptocurrency transactions has been somewhat unclear and inconsistent despite emerging as one of the world’s major crypto markets.

In early 2021, the Central Bank of Nigeria (CBN) placed a blanket ban on crypto by prohibiting all financial institutions from servicing crypto exchanges in the country.

One year later, the Nigerian SEC published a regulatory framework targeting crypto exchanges.

In late 2023, the CBN officially lifted the ban on transacting in cryptocurrencies but subsequently pushed new regulations that aim to restrict peer-to-peer crypto exchange using the national currency, the Nigerian naira, in May 2024.

Global exchanges like Binance have also faced action from Nigerian regulators.

Despite Binance announcing its exit from Nigeria in March 2024, local law enforcement did not release its executives, including Binance’s head of financial crime compliance, Tigran Gambaryan.

Gambaryan has been detained for over six months since his arrest in February as he awaits the court’s decision on bail, which is expected in Octobe

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Oppo Reno 5 series won’t be coming to Europe, company confirms

Oppo has unveiled the Reno 5 range of phones, but if you were hoping to be able to buy them and you live in Europe, it seems you’re out of luck.

In a statement to TechRadar the company said: “This is to confirm the Reno 5 won’t be coming to Europe.”

Presumably, that applies to the entire Reno 5 range (meaning the Oppo Reno 5, Oppo Reno 5 Pro, and Oppo Reno 5 Pro Plus), though the wording leaves that slightly ambiguous.

These are the best Oppo phones
Read our full Oppo Find X2 Pro review
Take a look at the Oppo Reno 10x Zoom
Only in China?
The only place that we know the Oppo Reno 5 range is set to land so far is China,

and with the company not typically bringing its phones to the US we can pretty much count a US launch out, though there’s still some hope for Australia.

While it’s a shame not to have the Oppo Reno 5 range available in Europe, it’s perhaps not a huge loss,

as these phones sound quite similar to the Oppo Reno 4 and Oppo Reno 4 Pro, both of which launched earlier in 2020 and are available in the UK.

And for those who want a higher-end Oppo phone, there’s always the Oppo Find X2 range, and the upcoming Oppo Find X3. So there’s no shortage of Oppo handsets that you can buy.

 

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Tello Mobile Review: 5 Things To Know Before You Sign Up

If you’re looking for a great deal on a new phone plan, Tello Mobile is one to consider.

In this Tello review, I’ll take a close look at Tello’s plans and pricing, how to get started, and what to expect from Tello’s service.

I tested Tello Mobile for 30 days to try out the service myself. I’ve also compared more than 70 different available phone plans to see how Tello holds up.

This article was updated in May 2024 and I review it every 12 months. Detailed notes on all updates can be found here.

What To Know Before Signing Up for Tello Mobile
Tello Mobile is an affordable prepaid cell phone service provider that runs on T-Mobile’s network, also known as a T-Mobile MVNO.

Plans from Tello Mobile begin as low as $5 per month, but this plan doesn’t include any high-speed data. However, you can get 1GB of high-speed data plus unlimited talk and text for $9 per month, which has won Tello the title of the cheapest monthly cell phone plan on Clark.com.

I tested out Tello’s 1GB plan for 30 days to explore its coverage, call and text performance, customer service and more.

1. Plans and Pricing
Tello Mobile recently expanded its plan selection to include seven different high-speed data options. Each high-speed data option can be paired with no minutes, 100 minutes, 300 minutes, 500 minutes,

or unlimited minutes. All of Tello Mobile’s plans include unlimited texting and mobile hotspot capabilities.

Here are Tello’s plan options with unlimited minutes:

2. Activation Process
Purchasing a Tello Mobile phone plan and activating the service is very easy to do. I recently signed up myself to try out the service for a full month.

To get started, I visited Tello’s website and chose the Economy plan (at the time, the plan cost $10/month for 1GB of high-speed data; now it costs $9).

You’ll have to log in to continue. Creating an account is simple and includes entering your email address, a password and a decision on whether or not you want to “stay in touch to get Tello’s best deals” throughout your service.

Once I’d logged in, I was able to review my order.

3. Call and Text Performance
Over 30 days, I tried out Tello Mobile’s service by making and receiving phone calls as well as sending and receiving text messages.

While I didn’t travel a lot during the month that I was testing Tello, I had consistently good service with no dropped calls or undelivered text messages. Of course, this won’t be true for every area.

Tello Mobile runs on T-Mobile’s network and the map below indicates coverage in many areas of the United States.

To see if Tello Mobile offers coverage in your area, check out its coverage map.

4. Data Speeds
Tello Mobile offers access to T-Mobile’s 4G LTE/5G network. Based on my experience and T-Mobile’s coverage map, you’ll likely have consistent access to data with Tello Mobile.

To make sure you’ll have coverage before switching to Tello Mobile, be sure to enter your address on its coverage checker online. You can also look at T-Mobile’s coverage map to get a better idea of the service in your area since they run on the same towers.

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The Symbiotic Relationship Between Mobile Phones and Modern Living

In the dynamic landscape of contemporary living, the relationship between individuals and their mobile phones has evolved into a profound and symbiotic connection that extends beyond mere communication. This intricate bond, supported by studies and research, is a testament to the multifaceted role mobile devices play in shaping our daily experiences and interactions.

The Fusion of Technology and Strategy:

The synergy between modern marketing and mobile technology has reshaped the way businesses engage with their audiences. As per studies, mobile devices have become the primary gateways to the digital realm, prompting businesses to optimize their strategies for mobile interfaces. Responsive websites, mobile apps, and targeted ads have become integral components of the marketer’s toolkit, ensuring visually appealing and personalized interactions in an era where attention spans are fleeting and choices abound.

This fusion transcends the business realm, permeating consumer behavior. The immediacy of mobile devices has cultivated an expectation for instant gratification, prompting a shift in consumer behavior. Studies indicate that this symbiotic relationship between

modern marketing and mobile technology has not only reshaped marketing strategies but also cultivated a demand for swift, personalized, and relevant interactions.

Cognitive Impact and Emotional Fulfillment:

Recent research delves into the impact of mobile technology on cognitive functioning and emotional fulfillment. Studies suggest that habitual involvement with smartphones may have a lasting impact on users’ cognitive abilities, influencing attention, memory, and emotional regulation. Smartphones, as external memory banks and sources of instant gratification, influence individuals’ cognitive functions, presenting both benefits and challenges. A balanced approach to smartphone usage is advocated to mitigate potential cognitive impacts.

Love and Connection in the Digital Age:

From a personal perspective, the role of mobile phones in facilitating relationships is profound. Studies indicate that mobile phones play a pivotal role in shaping and maintaining relationships in the digital age. In the context of arranged marriages in modern India,

mobile phones bridge modern and cultural values, providing a perpetual virtual connection for working couples. This personal connection with smartphones extends to emotional depth, where individuals store personal struggles and seek emotional support through applications.

Taking a cue from studies, individuals often form intense emotional connections with their smartphones, a sentiment echoed by many who find solace and connection in the digital realm. As we navigate this intricate emotional landscape, it is essential to acknowledge the role of smartphones as facilitators of human connections and expressions.

Balancing the Symbiotic Connection:

Acknowledging the symbiotic relationship between individuals and their mobile phones, a mindful approach is imperative. Studies reveal the emotional attachment individuals form with their smartphones, prompting initiatives such as digital detox experiments.

As professionals and individuals, periodic breaks from screen time are recommended to rekindle genuine connections with loved ones and appreciate the richness of real-world interactions.

The conclusion drawn is clear: while smartphones are powerful tools enhancing our daily lives, cultivating a healthy balance is essential. As professionals, acknowledging and managing our relationship with technology allows us to harness its benefits without overshadowing the beauty of living in the real world.

In Conclusion:

The symbiotic relationship between individuals and their mobile phones is a complex interplay of technology, emotion, and societal dynamics. As per studies, from reshaping marketing strategies to influencing cognitive functioning, facilitating romance to becoming emotional outlets,

smartphones have seamlessly integrated into the intricacies of modern living. In our journey through the digital age, the key lies in finding a harmonious balance, ensuring that our relationship with technology enhances rather than hinders the richness of human connection and experience.

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Vivo V29 Pro Review | Almost similar to its predecessor

Vivo V29 Pro maintains the sleek design and several features of its predecessor while introducing camera enhancements and faster charging

Vivo launched the new Vivo V29 Pro, the successor of the Vivo V27 Pro. While the new Vivo V29 Pro may appear quite familiar to its predecessor in terms of look and feel, it’s worth noting that there have been some notable changes in the camera and charging speed.

Design
‌If you have seen the Vivo V27 Pro, you will find no difference in terms of the design of the Vivo V29 Pro. The successor carries the same beautiful design with minimal bezels and a sleek, elongated frame. Adding more to the aesthetic appeal of the phone is the body colour of the phone. We got the Blue glossy variant, which comes with unique 3D particles, giving a shimmering appearance to the rear side.

‌When it comes to the placement of buttons and ports on the Vivo V29 Pro, it adheres to the conventional setup. On the right side, you’ll find the power button and volume rockers for ease of use. Moving to the bottom, it’s a bit crowded with a dual SIM slot, the primary microphone, a USB Type-C port, and a speaker grill. Meanwhile, the top houses the secondary microphone.

Display
‌The Vivo V29 Pro retains the same display size as its predecessor. It sports a 6.78-inch Full HD+ 3D curved AMOLED display with a screen resolution of 1260 x 2800 pixels.

In terms of display specifications, it largely aligns with the standard features found in this segment. These include a 100 per cent colour gamut on the DCI P3 scale, a 120Hz refresh rate, support for HDR10+, and a peak brightness of 1,300 nits.

‌The Vivo V29 Pro incorporates up to 2160Hz PWM dimming, which plays a role in optimising the visual experience. This optimisation is particularly noticeable in apps like YouTube, Netflix, and Prime Video, where it improves colour rendering and contrast, resulting in a more vivid and engaging display output.

OS
‌Operating on Android 13 with Funtouch OS 13 layered on top, the Vivo V29 Pro introduces several notable features. This version of Funtouch OS brings forth enhanced personalisation choices, reinforced privacy and security measures,

and added control functions. These additions collectively contribute to a more streamlined and uninterrupted user experience, ensuring that users have greater control over their devices while enjoying an enhanced level of personalisation and security.

Processor
‌The Vivo V29 Pro is powered by MediaTek Dimensity 8200 4nm processor, which remains unchanged from its predecessor, the V27 Pro. This processor configuration consists of 1x Cortex-A78 clocked at 3.1GHz, 3x Cortex-A78 clocked at 3.0GHz, and 4x Cortex-A55 clocked at 2GHz. To facilitate smooth gaming performance, the device is equipped with the Mali-G610 MC6 GPU.

Even in demanding graphics-intensive games, this GPU proves to be efficient. Moreover, the phone incorporates an Ultra Large Vapor Chamber Bionic Cooling System with a substantial cooling area of 35,227 mm², ensuring that it remains adequately cooled during extended gaming sessions.

Camera
‌The Vivo V29 Pro includes a primary 50MP camera with an f/1.88 aperture, optical image stabilisation (OIS), and the capability to record 4K videos at 60 fps. Complementing this is an 8MP ultra-wide sensor with an f/2.2 aperture, a 12MP portrait camera featuring a Sony IMX663 sensor and an f/1.98 aperture, as well as a 50MP autofocus front camera with an f/2.0 aperture that can record 4K videos at 60 fps. Notably, the device incorporates an Aura Light,

measuring 15.6 mm in diameter, which introduces a three-dimensional lighting effect. This light source is notably nine times larger than a standard flash, resulting in a 36% increase in brightness compared to the V27 Pro. It also allows for a colour temperature adjustment ranging from 1800K (warm light) to 4500K (cold light).

‌In terms of camera performance, the Vivo V29 Pro excels in well-lit conditions, especially when HDR is enabled, enhancing the dynamic range of the shots. The device’s 2X zoom performs reasonably well, keeping the details like the lighting and the dynamic range intact.

 

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3 Android 15 features that could make your mobile life much easier

Android 15 looks set to introduce several features that allow users to perform simple tasks and see information at a glance.

These include a new screensaver that allows you to control your Google Home devices, the return of lock screen widgets for tablets, and changing your default wallet app for Google Wallet.

All three new features were found in the Android 15 Beta, which was released on April 11, 2024, and can be downloaded for Pixel devices. However, it’s probably better to wait for the full release to ensure the best stability.

We can expect the full release of Android 15 around Q3 of 2024, with announcements of some of Android 15’s new features at Google I/O 2024, held on May 14.

1. Return of widgets
Widgets could return to Android tablets’ lock screens as part of the Android 15 update.

Widgets offer quick access to key app information without opening the app itself, allowing you to see things like notes, emails, and calendars at a glance, but are only available from the home screen of Android devices.

Lock screen widgets used to be available to both phones and tablets back in 2012 as part of Android 4.2 Jelly Bean but were later removed in Android 5.0 Lollipop.

Currently, with your device locked, you have access to just three apps: Google Calendar, Google Clock, and the Google App. However, the potential update means you won’t have to unlock your tablet to access handy widgets like YouTube Music or your photos, contacts, and many others, thus adding an extra layer of customization to your device.

As previously reported, widgets were initially thought to be rolling out to only the Google Pixel Tablet. However, the lock screen widgets are expected to appear on Android tablets running Android 15 but not on Android phones.

Android Authority discovered the return of widgets after digging through the code for the Android 15 Beta. It found a new “communal space” that allows users to add widgets from select apps. This space can be accessed by swiping inward from the right side of the lock screen.

More details refer to a “glanceable hub,” which is where the widgets will be stored. They aren’t directly placed on the lock screen but on a page accessible from the lock screen which is still faster and more convenient than opening the apps directly.

2. Screensaver control of your smart home
The Android 15 update may introduce a new screensaver named ‘Home Controls,’ allowing users to access their home controls straight from the screensaver.

The update will add Home controls to that list, allowing you to control your compatible Google Home devices when your phone or tablet is charging.

This can include Google Nest devices like cameras, thermostats, and doorbells. Once selected and when the screensaver is active, Home Controls will display your favorite controls for enabled devices.

However, the Home Controls screensaver apparently only supports Google Home devices and not other device controls, meaning other smart home apps will need to develop dedicated screensavers of their own.

Screensavers have been part of Android phones since Android 9, allowing you to display photos, colors, or a simple clock while charging. The addition of Home controls could be helpful, and while it’ll be available on both Android phones and tablets, it’ll probably see more use on tablets.

Currently, to access the Google Home settings, you would need to open the Google Home app, activate it by using the Google Assistant or by using a lock screen shortcut or by selecting the quick setting tile.

While none of these are too difficult, the addition of a screen saver could be a handy time saver if you want quick access to your smart home settings and have an idle docked tablet.