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    Ethereum Surpasses Bitcoin in Address Activity for the First Time

    Abstract:There are now more active addresses on Ethereum than on Bitcoin.

      ETHereum has outstripped Bitcoin in terms of address activity for the first time, according to data provided by Cryptocurrency analytics platform Santiment.

      Image by @santimentfeed

      Earlier today, Ether hit a one-week high of $2,135 on the Bitstamp exchange.

      The second-largest blockchain is seeing an uptick in activity in the run-up to the much-anticipated the EIP-1559 upgrade that is expected to be implemented in the coming weeks.

      In the meantime, Bitcoins active addresses are sitting at the lowest level since February.

      The cryptocurrency is struggling to regain momentum after bulls failed to smash through resistance at $35,000.

      The ETH/BTC pair is now in the middle of an apparent trend reversal, soaring by nearly 7 percent over the past 24 hours.

      Jim Cramer turns to Ether

      After getting out of Bitcoin and announcing that he would only Buy it at $10,000, CNBC host Jim Cramer said that he would continue to buy Ethereum.

      The superstar stock picker likes Ethereum more because people use it “much more” for buying things:

      I went back into Ethereum because Bitcoin held $30K. I like Ethereum because people actually use it much more to be able to buy things.

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    Since the inception of Bitcoin in 2009 by the unknown founder popularly known as Satoshi Nakamoto, the march for its legalization as well as other cryptocurrencies had continued till this point. While some countries had officially legalized Bitcoin and accepts it as a legal tender, others rather reject and ban it. The rest tend to maintain a neutral approach of tolerating it without either banning nor legalizing it. The major reason for this has been that Bitcoin and other cryptocurrencies lacks regulation and centralization and hence, beyond the control of the government. However, there is a general vision that given the popularity of Bitcoin itself and other cryptocurrencies, more countries will in no distant time give an official approval and legalization of Bitcoin and Cryptocurrencies.

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