Interesting news in the world of Bitcoin forks, both for Bitcoin cash what Bitcoin SV, Although the same cannot be said about their prices, since they have fallen by more than 35% in the last 7 days.
Bitcoin Cash up for auction
The US General Services Administration (GSA) auctioned Recently Bitcoin Cash (BCH) Y Litecoin (LTC) that had been confiscated from their tax evaders.
To be precise, these are 8.93 BTC, 150.2 LTC, and 0.00022 Bitcoin Cash. The auction began on June 18 and will end tonight, June 22. As early as March 2021, the agency had started auctioning various cryptocurrencies, but this is the first time that Litecoin has also been mentioned.
Thomas meiron, GSA Regional Commissioner, explained:
“Seasoned investors recognize a good opportunity when they see it, which is why our auctions have generated so much excitement within the crypto community. With the addition of a new type of cryptocurrency, this heralds one of our most exciting auctions of the year. "
In South Africa, the Fintech Working Group (IFWG) has announced that Bitcoin SV will collaborate with Centbee, a fintech company that will be part of the regulatory sandbox in South Africa.
The regulatory sandbox will provide the opportunity to test new products and services that will expand the boundaries of existing regulations while remaining under the supervision of the relevant regulators.
The IFWG also collaborates with the National Treasury, the Center for Financial Intelligence, the Financial Sector Conduct Authority, the National Credit Regulator, the Reserve Bank of South Africa, the South African Revenue Service and the Competition Commission.
Centbee's app, Minit Money, will test cross-border payments in Ghana and beyond. Angus brown, Co-CEO of Centbee, explained:
"We are proud to be the first Bitcoin SV company globally to work closely with financial sector regulators in South Africa and we are delighted to have been selected for the first South African regulatory sandbox."
Centbee seems to have decided to use Bitcoin SV as a blockchain to have cheap and fast transactions.