Home Litecoin US Government’s Auction of Seized Litecoin ($LTC) Ends Today

US Government’s Auction of Seized Litecoin ($LTC) Ends Today

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The U.S. authorities’s newest cryptocurrency public sale, which was introduced by the General Services Administration (GSA) on June 16, is closing at 17:00 Japanese Time (or 21:00 UTC) on Monday (June 21).

The GSA is “an unbiased company of the US authorities established in 1949 to assist handle and assist the fundamental functioning of federal businesses.” It “provides merchandise and communications for U.S. authorities workplaces, offers transportation and workplace area to federal staff, and develops government-wide cost-minimizing insurance policies and different administration duties.” GSA Auctions is “the federal authorities’s on-line clearinghouse for surplus federally owned belongings and gear, akin to workplace furnishings, automobiles, scientific gear and collectibles.”

In response to the GSA’s press release, GSA Auctions’ newest cryptocurrency sale made obtainable to bidding “11 plenty of cryptocurrency, totaling 8.93 bitcoins and 150.2 litecoins and with a mixed market worth of practically $377,000.” That is the primary time that Litecoin has been made obtainable on GSA Auctions.

The press launch went on to say:

GSA first started auctioning cryptocurrency on behalf of the U.S. authorities in early 2021. To this point, customers of the GSAAuctions platform have efficiently bid for a complete of 16.99 bitcoins over three auctions that garnered $937,092.

Thomas Meiron, Regional Commissioner for GSA’s Federal Acquisition Service, had this to say:

Skilled traders acknowledge a great alternative once they see it, which is why our auctions have generated a lot enthusiasm among the many crypto group. With the addition of a brand new sort of cryptocurrency, this guarantees to be considered one of our most fun auctions of the yr.

Registration is required earlier than you possibly can place a bid and “the successful bidder should make a cost through wire switch no later than June 23, 2021.”


The views and opinions expressed by the writer, or any individuals talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a danger of monetary loss.


Photo by “EivindPedersen” through Pixabay

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