Block

Venezuela’s government&nbsp;<a style="text-decoration:none" href="https://news.bitcoin.com/venezuelan-government-blocks-binance-cutting-p2p-market-access-for-thousands/">blocked</a> access to crypto exchange Binance, as well as the social media platform X (formerly known as Twitter). As a result of this action, Venezuelans have been unable to access their crypto savings or participate in peer-to-peer (P2P) markets that are used as an alternative to the volatile currency.&nbsp;
<h2 dir="ltr" id="span-span-cantv-s-block-on-binance-affects-crypto-users-span-span">CANTV’s Block on Binance Affects Crypto Users</h2>
On August 9th, VE sin Filtro, a local organization monitoring internet censorship,&nbsp;<a style="text-decoration:none" href="https://x.com/vesinfiltro/status/1822108789740290298">reported</a> that CANTV had implemented a DNS block on Binance. This disruption affected both the website and mobile app, preventing users from accessing their accounts or conducting transactions.&nbsp;
<div>
 Binance responded by assuring its users that their funds remain secure and that the company is closely monitoring the situation. 
 <blockquote class="twitter-tweet">
 Estimados Binancians, Al igual que varios sitios web de empresas de diferentes segmentos en Venezuela, incluidas las redes sociales, las páginas de Binance han estado enfrentando restricciones de acceso. Queremos asegurarles que sus fondos están SAFU bajo nuestros robustos…— Binance Latinoamérica (@BinanceLATAM) <a href="https://twitter.com/BinanceLATAM/status/1822300144718487897?ref_src=twsrc%5Etfw">August 10, 2024</a>
 </blockquote> 
</div>
However, the exchange has not yet indicated whether it will allow users to access its platform through virtual private networks (VPNs), a common method for bypassing government-imposed blocks.&nbsp;
&nbsp;
VE sin Filtro has advised users to utilize VPNs to regain access to Binance and other blocked services.
<h2 dir="ltr" id="span-span-social-media-platform-x-also-targeted-span-span">Social Media Platform X Also Targeted</h2>
The block on Binance is part of a wider crackdown that also includes the social media platform X. President Nicolas Maduro’s government has reportedly ordered all major ISPs in the country to restrict access to the platform.&nbsp;
&nbsp;
X confirmed that it is experiencing difficulties in providing access to its platform for users in Venezuela. The company has not yet announced any specific measures to address the issue, but users are reportedly turning to VPNs to bypass the block.
&nbsp;
Signal, an encrypted messaging app, was also blocked on the same day as X, although it remains functional with its "censorship circumvention" setting enabled.
&nbsp;
Following a public spat between Maduro and Elon Musk, Musk labeled Maduro a “dictator” and a “clown,” and Maduro accused Musk of inciting “hatred, fascism, and civil war,” the move occurred.&nbsp;
&nbsp;
The tensions escalated following Venezuela’s disputed presidential election on July 28th, which sparked widespread protests across the country.

Venezuela Blocks Access to Binance and Social Media Platform X Amid Political Tensions

Table of Contents

BSCN

Other articles published on Aug 13, 2024

Pump.fun Makes Token Creation Free, Shifts Initial Fee to First Buyers

How Much Would BTC Price Be Now If Bitcoin ETFs Were Not Approved? Here is Bloomberg Analyst’s Pr...

Ethereum Sees Surge in On-Chain Activity as Institutional Investment Soars

Ethereum Forms a Bullish Ascending Triangle Pattern, Approaching Resistance With $3,273 Target in...

SOL Price May Drop to $122 if This Trade Plays Out Well—Will Solana Bulls Gear Up Now?

Lido community Votes to Integrate Axelar and Wormhole for Staked ETH Bridge to BNB Chain

Join our free newsletter for daily crypto updates!