Bitcoin
$64,177.68+0.55%
Ethereum
$3,129.71+0.71%
Binance Coin
$604.23-0.92%
Solana
$142.80-1.47%
XRP
$0.52200756+0.60%
Dogecoin
$0.15001080-0.06%
Toncoin
$5.39+3.02%
Cardano
$0.46829742-0.05%
Shiba Inu
$0.00002555+2.44%
Avalanche
$35.18-0.02%
Tron
$0.11847299+2.79%
Wrapped Bitcoin
$64,265.28+0.54%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
00
HR
18
MIN
28
SEC
Finance

Palantir Expecting Big Things From New Crypto Security Software

An executive for the data analytics software company said he thinks Palantir’s Foundry product will be a “massive accelerant for crypto companies.”

By Tanzeel Akhtar, Michael Bellusci
AccessTimeIconNov 9, 2021 at 5:56 p.m. UTC
Updated May 11, 2023 at 4:11 p.m. UTC
Peter Thiel, co-founder and chairman of Palantir Technologies
Peter Thiel, co-founder and chairman of Palantir Technologies
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Palantir Technologies (NYSE:PLTR) Chief Operating Officer Shyam Sankar said Tuesday he thinks the company’s new crypto software will be a “massive accelerant for crypto companies.”

  • Earlier this year Palantir, a data analytics software company that was co-founded by billionaire Peter Thiel, released its Foundry software to serve the cryptocurrency market.
  • “We are super excited about Foundry for crypto,” Sankar said on the company’s third-quarter earnings call, adding, “We think we’re going to be a massive accelerant for crypto companies.” He noted that the company’s clients are “welcome to pay us in crypto.”
  • Palantir sees itself being a fit for crypto firms that require “industrialized compliance solutions.” The company said it is leveraging its anti-money laundering and know-your-customer expertise for potential crypto-exposed clients.
  • In October, Palantir added blockchain data analytics firm Elementus to its Foundry for Builders Program, which provides startups with access to the flagship Foundry data intelligence software.
  • Overall for the quarter, Palantir met earnings estimates and beat revenue estimates, but the growth in its government revenue fell short of analyst expectations. Palantir shares were trading 8.8% lower Tuesday at $24.40.
VolumeMuteUnmute

Zuckerberg Says Meta Has 'Exciting Roadmap' With Threads, AI Products in Pipeline

  • Crypto’s Biggest Concerns in 2023
    05:16
    Crypto’s Biggest Concerns in 2023
  • Aptos Is Not a Security: Anchorage General Counsel
    00:45
    Aptos Is Not a Security: Anchorage General Counsel
  • Telegram Users Can Now Send Crypto to Each Other via Wallet Bot: Report
    07:20
    Telegram Users Can Now Send Crypto to Each Other via Wallet Bot: Report
  • Bitstamp CEO on Regulatory Implications of Ethereum’s Proof-of-Stake Transition
    01:14
    Bitstamp CEO on Regulatory Implications of Ethereum’s Proof-of-Stake Transition

    • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Tanzeel Akhtar
    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.

    Follow @Tanzeel_Akhtar on Twitter
    Author placeholder image
    Michael Bellusci

    Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

    Follow @mikeybellusci on Twitter

    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.