Palantir embraces Bitcoin, Peter Thiel invests in $10b crypto-exchange and Coinbase on #1 in Appstore

Photo by Executium on Unsplash

Palantir wants to embrace Bitcoin for payments and cash reserve

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

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 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

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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