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The cryptocurrency market changes minute-by-minute, and at Uphold, we know how important it is for our members to stay on the pulse of shifting trends and market changes. 

Here is a quick recap of what happened this week:

Uphold News

This week we announced that Dan Schatt will join Uphold’s Board of Directors. From our blog…

“We are pleased to have Dan Schatt join Uphold’s Board of Directors. Dan brings with him exceptional fintech knowledge, reputation, and global experience. Currently, Dan is actively engaged with Uphold Labs, building innovative and relevant applications for our members via our API.”

We look forward to the future of Uphold with Dan on the team!

Bitcoin Predictions

Bitcoin has always had its share of speculations. Bitcoin’s value has been stagnant lately, hovering around $7,600, along with regulations and legal cases.  Even so, many experts still see bitcoin’s value doubling by the end of the year. David Hanson, blockchain expert and gaming CEO predicts, “In the medium-to-long term, bitcoin’s value should go up, as big institutions enter the crypto space in a bid to gain first-mover advantage, further legitimizing the market.” He’s not alone. Many others also believe that with once institutional investors find their entry point, bitcoin will break above $10,000 over the next few months and continue to rise.

Besides rising value, there are big tech players who continue to see bitcoin as the frontrunner in cryptocurrency’s global adoption. Apple Co-Founder Steve Wozniak said in an interview that he hopes bitcoin to become the internet’s native currency.

Cryptocurrency Donations

Following their donation to public schools and Ellen Degeneres’s wildlife charity, Ripple has announced another donation of $50 million to universities to support blockchain technology and cryptocurrency education. Besides funding, Ripple will also offer their expertise and resources so universities can collaborate with their labs for research. This donation will support 17 universities globally including Princeton and the University of Pennsylvania.