May 12, 2021
Palantir embraces Bitcoin, Peter Thiel invests in $10b crypto-exchange and Coinbase on #1 in Appstore
Palantir wants to embrace Bitcoin for payments and cash reserve
What do Tesla, Time magazine and WeWork have in common? All companies have, in the last three months, announced either a significant investment in Bitcoin.
The latest of these companies is Palantir, an American software company. On the 11th of May the company announced that it now accepts bitcoin as a form of payment and is also looking to adding it to its balance sheet.
David Glazer, chief financial officer:
“We’re thinking about it and we’re even discussing this early, taking a look at our balance sheet in cash at quarter-end, including $151 million in adjusted free cash flow in Q1. So, it’s definitely on the table from a treasury perspective as well as other investments that we look across our business and beyond.”
Source: Zycrypto
Peter Thiel joins $10 billion funding round for new crypto exchange
Block.one has unveiled a new crypto exchange subsidiary that has raised nearly $10 billion in funding. The subsidiary, Bullish Global, is developing a crypto exchange named Bullish, which is scheduled to launch sometime this year.
The exchange is backed by a number of notable investors, including billionaires Peter Thiel, Alan Howard, Mike Novogratz, Louis Bacon of Moore Capital, Richard Li of Hong Kong-based Pacific Century Group, and Christian Angermayer of Germany-based Apeiron Investment Group. Japanese banking giant Nomura is also an investor.
These backers collectively participated in a $300 million round for Bullish Global. The rest was injected by Block.one in the form of $100 million cash, 164,000 bitcoin (worth over $9 billion at current prices), and 20 million EOS tokens (worth about $227 million at current prices).
Source: The Block
Coinbase reaches #1 on U.S. Apple App Store for first time since 2017
On May 10, the Coinbase app topped the U.S. Apple App Store, a position the crypto exchange hadn’t been in since late 2017.
According to data compiled by The Block Research, Coinbase broke top 10 charts in mid-April before reaching the #2 slot on April 14. This was the same day the crypto exchange became a publicly traded company on NASDAQ.
The app dipped below the top 10 apps for a short period before climbing up on May 4, the same time the art auction house Sotheby’s partnered with Coinbase to accept bitcoin and ether for physical art payments.
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