Cryptocurrency and Blockchain News Headlines Update on August 27, 2020

Bitcoin spiked to $11,600 as the United States Federal Reserve committed maintaining the inflation rate at 2% on average. After the speech, BTC/USD was lower at around $11,390, up 0.7% on the day amid heightened volatility.

BTC/USD 1-day chart on August 26, 2020. Source: Coin360
BTC/USD 1-day chart on August 26, 2020. Source: Coin360

Galaxus completes electronic commerce payment transactions with Digital Swiss Franc (DCHF) issued by Sygnum Bank, transactions was enabled by Coinify. The first regulated stablecoin in Switzerland is entering e-commerce.