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.
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any question you may have, especially in regards to easily selling your crypto for fiat currencies.
