Bitcoin

The <a href="https://optimisus.com/news/crypto-news/venezuelas-ministry-of-electric-power-will-disconnect-all-cryptocurrency-mining-farms/" rel="noopener noreferrer nofollow">Venezuelan government</a> has implemented a digital embargo on prominent online sites, such as the cryptocurrency exchange Binance and the social media network X, as part of a wider effort to suppress digital services.The disturbance, documented on August 12, 2024, is ascribed to the government-controlled internet service provider CANTV. Binance&#39;s website and mobile application became unreachable in Venezuela as a result of a DNS block, which is thought to be connected to the government&#39;s increased investigation of crypto trade in the nation.Binance has confirmed the blockade and reassured its <a href="https://optimisus.com/market/market-news/venezuela-halts-state-backed-crypto-petro/" rel="noopener noreferrer nofollow">Venezuelan consumers</a> that their cash are safe under the company&#39;s strong security protocols. CANTV has implemented restrictions on access to various prominent platforms, including Reddit, Signal, and X.https://twitter.com/vesinfiltro/status/1822108789740290298The obstruction of X is particularly remarkable in light of the recent hostilities between Venezuelan President Nicolás Maduro and the proprietor of X, Elon Musk.Maduro has said that Musk is utilizing X to provoke demonstrations linked to the contested outcome of the presidential election, characterizing these efforts as a component of a US-supported endeavor to undermine Venezuela&#39;s stability.

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest

Optimisus

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