Top crypto tweets of the day – September 5th

1 mins read September 5, 2022

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Binance to auto-convert stablecoins to BUSD

In order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USDC, USDP and TUSD at a 1:1 ratio

Will cease trading in USDC/TUSD/USDP pairs

Thoughts?https://t.co/FDqcNzJ5ci
— db (@tier10k) September 5, 2022

PoolinWallet Plans to Suspend Withdrawals

PoolinWallet plans to pause all withdrawals, flash trades, and internal transfers within Poolin systems from 10:00 PM, GMT+8, September 5. Poolin said they are expecting to provide the community with more details, and feasible solutions within a week. https://t.co/qmD3gkT2B0 https://t.co/xgW7XhxmXQ
— Wu Blockchain (@WuBlockchain) September 5, 2022

Bitcoin miners resume sell-offs

#Bitcoin miners capitulating again?
Some #Bitcoin miners sent 5k coins to exchanges today.

Why?
– BTC price remains low.
– Mining difficulty is near a fresh ATH.
– Hashprice has collapsed on YoY basis.

Read below. pic.twitter.com/DtbXmqyVIj
— Julio Moreno (@jjcmoreno) September 2, 2022

If we analyze income and mining difficulty together we see #bitcoin miners are in the extremely underpaid territory right now. pic.twitter.com/mKp12GxwcM
— Julio Moreno (@jjcmoreno) September 2, 2022

New UK prime minister supports crypto

💥BREAKING: UK has a new Prime Minister, who is supportive of #Bitcoin and crypto.

‘We should welcome cryptocurrencies’, said Liz Truss in 2018

Time for policy action…🤔
— Bitcoin Archive (@BitcoinArchive) September 5, 2022

We should welcome #cryptocurrencies in a way that doesn’t constrain their potential. Liberate free enterprise areas by removing regulations that restrict prosperity. #PolicyExchange #futureoffreedom #shakeup
— Liz Truss (@trussliz) January 30, 2018

Buying the dip

https://twitter.com/Pentosh1/status/1566762308096909312?s=20&t=JmjFoKTmXuVgTXBF2R2GXQ

Can Bitcoin reduce greenhouse gas emissions?

I have a message to all climate activists – If you want to reduce emissions, mine #bitcoin of stranded natural gas.

That’s by far the most cost-effective way you can reduce greenhouse gas emissions. pic.twitter.com/4BDSNeLNfT
— Jaran Mellerud 🇳🇴 (@jmellerud) September 5, 2022

OI in Bitcoin soars to 1-month high

📈 #Bitcoin $BTC Futures Contracts Open Interest just reached a 1-month high of $354,728,356.14 on #Bitmex

Previous 1-month high of $354,435,969.64 was observed on 28 August 2022

View metric:https://t.co/iSDHxkGJSu pic.twitter.com/pfeUDwnd1G
— glassnode alerts (@glassnodealerts) September 5, 2022

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Ibiam Wayas

Ibiam Wayas has covered the crypto news beat since 2019. He studied Computer Science at National Open University of Nigeria. His work has appeared on various crypto news platforms, including Coinfomania, Crypto News Australia, and AltcoinBuzz. Drawing on his background in Computer Science, he now focuses on crypto, robotics, and longevity news.

TABLE OF CONTENT

1. Binance to auto-convert stablecoins to BUSD

2. PoolinWallet Plans to Suspend Withdrawals

3. Bitcoin miners resume sell-offs

4. New UK prime minister supports crypto

5. Buying the dip

6. Can Bitcoin reduce greenhouse gas emissions?

7. OI in Bitcoin soars to 1-month high

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