The Venezuelan government has recently imposed restrictions on several online platforms, including the cryptocurrency exchange Binance and the social media network X, amid political unrest following the recent presidential election.
According to the anti-censorship group VE sin Filtro, a DNS block has disrupted access to Binance, impacting both its website and mobile app.
Binance confirmed the issue and reassured users that their funds remain secure while it works to resolve the situation. This comes a day after Venezuelan President Nicolas Maduro announced a ten-day ban on X, following tensions with the platform’s owner, Elon Musk.
The encrypted messaging app Signal also faced access issues, though it remains available through circumvention tools.
Protests erupted after the July 28 election, where both Maduro and challenger Edmundo González claimed victory. The official count declared Maduro the winner with just over 51% of the vote, while González contended that he had secured nearly 70%.
The international community, including the U.S., EU, and several South American nations, has questioned the legitimacy of Maduro’s win, demanding a full vote count.
The final week of July is shaping up to be a pivotal one for global markets, with multiple high-impact U.S. economic events lined up that could trigger volatility across stocks, bonds, and crypto assets.
Cryptocurrency ownership in the U.S. has grown steadily over the past few years, but it remains far from widespread.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.