649:Trump's NFT Buzz, JPMorgan's Market Insight & Prime Trust's Fall

Episode 649:

FTX & BlockFi's Data Dilemma - Two crypto giants, BlockFi and FTX, were indirectly hit by a cybersecurity breach via Kroll, a third-party platform. While their assets are secure, there's concern about the potential misuse of exposed client data.

Num’s Peso Stablecoin - Num Finance introduces nCOP, a stablecoin pegged to the Colombian peso. Targeting the remittance sector, this innovation aims to make transactions faster, cheaper, and more efficient in regions like Latin America.

JPMorgan's Crypto Forecast - Bitcoin and the broader crypto market face a downturn. However, JPMorgan suggests this is a brief setback, emphasizing a likely rebound based on their analysis of CME Bitcoin futures.

Trump’s NFT Surge - Post a viral interview, Trump's NFT collections see a significant price surge. Blockchain betting platforms also reflect shifting political odds, highlighting the intertwined nature of crypto, media, and politics.

Prime Trust's $8M Loss - Crypto custodian Prime Trust reveals an $8 million loss due to the terraUSD stablecoin collapse. The situation underscores the need for robust financial management and transparency in the crypto world.

Coinbase Allies with Canadian Banks - Coinbase is in active talks with Canadian banks to back cryptocurrency. This alliance represents a major shift in traditional banking towards embracing the potential of digital currencies.

Crypto Overnighter Podcast (8/25/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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