The Latest News in Blockchain, Cryptocurrency, & NFTs – September Week 4
In this article, we will discuss some of the latest news in the world of blockchain, cryptocurrency, and NFTs, highlighted in the Crypto NFT Today edition. These news stories cover a range of topics from celebrity involvement in NFT scams to the impact of surging oil costs on the cryptocurrency market.
One of the most intriguing stories is the investigation involving Mila Kunis and her NFT project, Stoner Cats. Kunis and her team marketed the animated series as an NFT project, selling over 10,000 NFTs in just 35 minutes. However, they now face an investigation by the Securities and Exchange Commission for offering unregistered securities and misleading investors.
In the world of cryptocurrency, the recent surge in oil prices has raised concerns among experts. The increase in oil costs could worsen the current situation of decreased investor interest in high-risk assets like cryptocurrencies. Experts predict that the surge in oil prices may contribute to core inflation, negatively impacting consumer spending and stock valuations.
Another significant development is the successful launch of the Holesky test network by Ethereum developers. This test network will assist developers in testing ambitious scaling plans for the Ethereum blockchain.
Furthermore, the European Commission has invested in a study to investigate the environmental impacts of cryptocurrencies. There are concerns about the negative effects on the climate and environment caused by data centers engaged in cryptocurrency mining.
Lastly, a study revealed a steady drop in the value of NFTs. A large number of NFT collections currently have zero market capitalization, rendering them worthless investments for their owners.
These news stories highlight the diverse and ever-changing landscape of blockchain, cryptocurrency, and NFTs. As technology continues to evolve, it is essential to stay informed about the latest developments and trends in this rapidly expanding industry. Whether it’s celebrity involvement in NFTs, the impact of global events on cryptocurrency markets, or environmental concerns, there is always something new to learn and explore in the world of crypto.
