Cuba Establishes Regulation For Crypto In Commercial Transactions – August 27

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$47,268

Bitcoin price has traded between $46,000 and $48,000 for yet another day in a row, as volatility continues to wane.

Top-20 altcoins are once again mostly trading flat, however there were some prominent outliers: Terra gained 11%, while Solana charged ahead with a 24% rise. Ethereum remains almost unchanged, with a 1% gain.

Top Stories for August 27, 2021 🔥

👉 Cuba Establishes Regulation For Crypto In Commercial Transactions

The Cuban Central Bank (BCC) has issued a resolution regulating the use of cryptocurrency in commercial transactions in the country.

The BCC has stated that it may authorize the use of certain “virtual currencies” in commercial transactions, as well as license crypto service providers for payment and exchange-related activities.

👉 Over 100,000 ETH Burned Since Ethereum’s London Upgrade

More than 100,000 Ether (ETH), worth $300 million, has been burned since the Ethereum network’s “London” upgrade that was implemented less than three weeks ago.

The upgrade incorporated a handful of changes, including one altering the transaction fee process. The protocol now includes a base fee for each transaction – which is burned – and a priority fee which goes to miners.

👉 Monthly NFT Volume Soars To Almost $900M

Almost $900 million has been spent on non-fungible tokens (NFTs) over the last 30 days, which will set a new record for the niche. CryptoPunks alone have accounted for $397 million alone.

The previous best month for NFTs was in May of this year, with $255 million worth of NFTs sold in the same time period.