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

2 min readMay 12, 2021


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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 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 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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