El Salvador president Nayib Bukele confirmed that the El Salvadorian government purchased its first 200 Bitcoin (BTC) yesterday, ahead of the implementation of the new $150 million Bitcoin fund that passed last week. At current prices, the purchase was worth just over $10 million. This purchase will be the first of many as El Salvador becomes the first country to adopt Bitcoin as legal tender.

Popular cryptocurrency exchange, FTX, has launched its own NFT marketplace. The NFT marketplace will be available for customers in both the U.S. and other locations as FTX looks to capitalize on the booming NFT market. 

Bitfinex has launched a new trading platform called Bitfinex Securities, allowing small and medium-sized businesses to list their tokenized equities, bonds, funds and even raise capital! CTO Paolo Ardoino said: "We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges."

Top stories in the Crypto Roundup today:

• El Salvador Purchases First 200 Bitcoin
• FTX Launches NFT Minting Platform
• Bitfinex Launches Trading Platform Bitfinex Securities

El Salvador Purchases First 200 Bitcoin

El Salvador president Nayib Bukele confirmed that the El Salvadorian government purchased its first 200 Bitcoin (BTC) yesterday, ahead of the implementation of the new $150 million Bitcoin fund that passed last week. At current prices, the purchase was worth just over $10 million. This purchase will be the first of many as El Salvador becomes the first country to adopt Bitcoin as legal tender.

Back in June 2021, El Salvador became the first country to recognize Bitcoin as legal tender - a decision that was met with praise by the Bitcoin community but was questioned by various regulatory bodies, including the World Bank and International Monetary Fund. Last week, El Salvadorians marched in protest of the bill. 

However, the Bank of America offered an alternative view, believing that the country’s adoption of Bitcoin could “streamline remittances, promote financial digitization, provide consumers with greater choice, and open up the country to American firms and digital currency miners.”

FTX Launches NFT Minting Platform

Popular cryptocurrency exchange, FTX, has launched its own NFT marketplace. The NFT marketplace will be available for customers in both the U.S. and other locations as FTX looks to capitalize on the booming NFT market. 

Sam Bankman-Fried, CEO of FTX, took to Twitter to make the announcement and invite users to create their own NFTs. The platform includes a marketplace and minting feature. 

Following his announcement, Bankman-Fried showcased a test NFT that was minted on the platform - which was quite literally an image with the word text scribbled across it. The NFT went on to sell for over $250,000. 

One innovative feature of FTX’s NFT marketplace is that the NFTs will be tradeable on the Ethereum and Solana blockchain.

Bitfinex Launches Trading Platform Bitfinex Securities

Bitfinex has launched a new trading platform called Bitfinex Securities, allowing small and medium-sized businesses to list their tokenized equities, bonds, funds and even raise capital! CTO Paolo Ardoino said: "We are basically trying to eat the lunch of London Stock Exchange and other traditional stock exchanges."

Bitfinex’s offering differs from similar offerings by other cryptocurrency exchanges, such as FTX and Bittrex Global, as both of these list tokens of stocks that are already public. Bitfinex’s platform, on the other hand, will list equities, bonds and funds of private companies looking to go public. 

Tim Aron, head of compliance at Bitfinex Securities, said. “We will operate in a very controlled environment," said Aron. "We have to limit the amount of capital raises at $15 million and the maximum number of customers at 1,000."

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