Bitcoin trading at $47,325

Cryptocurrency prices continue to be in the red on August 27. The global cryptocurrency market cap is $2.02 trillion, a 3.31 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $111.08 billion, which makes a 1.82 percent decrease. The volume of all stable coins is now $87.88 billion – 79.11 percent of the total crypto market 24-hour volume. Bitcoin's price is currently $47,325.84 and its dominance is currently 44.08 percent, an increase of 0.20 percent over the day. Read full here.

Crypto platform Poly Network says hacked funds returned

Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the unknown person or persons behind the attack. In a Twitter post, Poly Network said it had regained control of all the assets except for $33 million in stablecoin tether that had been frozen by the company that manages it. The network said it was in talks with tether about unfreezing those funds. Read details here.

Visa joins NFT frenzy, purchases a CryptoPunk for $150,000

Visa has joined the NFT frenzy, after purchasing a "CryptoPunk" for nearly $150,000 in ethereum. CryptoPunks are a set of 10,000 pixel-art images, with each being a uniquely generated character, made by Larva Labs in 2017. Digital asset platform Anchorage helped Visa acquire CryptoPunk 7610. Cuy Sheffield, head of the crypto at Visa, on August 23 said CryptoPunks have "quickly become a cultural icon for the crypto community". Read more here.

All that transpired in cryptocurrency last week

From altcoins surging way past the cryptocurrency market formen Bitcoin and Ethereum to crypto adoption in India is exponentially growing, with the country ranking second, succeeded by Vietnam, and Finance Minister Nirmala Sitharaman's clarification that the government’s stand on cryptocurrency is that the area has a lot of potential in terms of fuelling the country’s fintech sector - all you need to know. Read full here.