Some Brazilian users of Elon Musk’s X regained access to the platform temporarily after a shift to Cloudflare, despite a nationwide ban. However, this restoration is expected to be short-lived, as the service will likely become inaccessible again soon. Meanwhile, the ban has driven users to decentralized alternatives like Bluesky, which saw a surge of 1 million new users in just three days.
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0 posts last weekBrazil’s Prosecutor Defends X Ban Amid Supreme Court Disputes
Brazil’s Attorney General’s Office has urged the Supreme Court to dismiss legal challenges against the ban of social media platform X, asserting that the suspension does not infringe on free speech rights. The platform was blocked after failing to appoint a local legal representative, and the PGR contends that the appeals lack legal merit. Meanwhile, debates in Congress have intensified, with some lawmakers defending Musk’s claims of censorship, while others criticize his actions as a threat to Brazil’s sovereignty.
read moreBrazil’s X Ban Raises Concerns Over VPN Use and Legal Implications
Brazil’s Supreme Court upheld a ban on X, leading to concerns over the legality of using VPNs to access the platform. While VPNs themselves are not illegal, accessing X through them could result in fines of 50,000 reais per day. Despite the ban, Bluesky has seen a surge in users, reaching 2.4 million as many Brazilians seek alternatives.
read moreStarlink to Block Access to X in Brazil Following Court Order
Starlink has confirmed it will block access to the social media platform X in Brazil, complying with a court order issued by Supreme Court Justice Alexandre de Moraes. The ruling followed Musk’s refusal to appoint a legal representative for the company’s operations in the country. Despite calling the order “illegal,” Starlink stated it is pursuing legal avenues while adhering to the suspension.
read moreKey Market Updates and Economic Insights Ahead of Tuesday Trading
Stocks closed higher on Friday, with the S&P 500 gaining 1.01% and marking its fourth consecutive winning month. Inflation data showed a slight increase in July, aligning with expectations, as traders anticipate a Federal Reserve interest rate cut in September. Meanwhile, Red Lobster filed for Chapter 11 bankruptcy, joining several other restaurant chains this year, and studies suggest that Novo Nordisk’s drugs, Wegovy and Ozempic, may reduce the risk of death from Covid-19.
read moreBitcoin’s Current Status: An Asset Rather Than a Currency
Bitcoin experienced a challenging August, losing 10.25%, marking its worst month since April, with September historically being even tougher. Currently viewed more as an investment asset than a currency, its practical use remains limited, raising concerns among financial advisors despite a 38% year-to-date increase.
read moreElon Musk Considers Dogecoin Payments for Starlink Amid Brazil Account Freeze
Elon Musk is considering accepting Dogecoin payments for Starlink services in Brazil after the Supreme Court froze the company’s bank accounts due to legal issues. Despite this, Musk stated that Starlink will continue to provide free internet services to the Brazilian military and other users until the situation is resolved. The freeze is linked to X’s lack of a legal representative in Brazil and unpaid fines, which Musk has criticized as illegal and harmful to SpaceX shareholders.
read moreX Banned in Brazil Amid Tensions Between Musk and Judge Moraes
Social media platform X has been banned in Brazil after Elon Musk failed to comply with a Supreme Court order to appoint a legal representative. The ban, which includes fines and restrictions on app stores, follows months of tension between Musk and Judge Alexandre de Moraes over issues of censorship and disinformation. In retaliation, the judge has also frozen funds for Musk’s Starlink service in Brazil, escalating the conflict.
read moreBrazil Suspends X Platform Sparking Outrage in Crypto Community
The crypto community reacted strongly to Brazil’s Supreme Court ordering the suspension of X, formerly Twitter, after Elon Musk failed to appoint a legal representative. Analysts expressed concerns over censorship and the potential ripple effect on other countries, while discussions about the relevance of decentralized currencies like Bitcoin intensified. X’s refusal to comply with the court’s orders has raised questions about the platform’s future in Brazil amidst ongoing investigations into misinformation.
read moreBrazil Supreme Court Threatens to Suspend X Over Legal Representation Issues
Brazil’s Supreme Court has threatened to suspend Elon Musk’s X social media platform by August 29, 2024, unless a legal liaison is appointed in Brazil. This follows a dispute over accusations of censorship and misinformation, particularly concerning supporters of former President Jair Bolsonaro. Amid rising tensions, X announced it would cease operations in Brazil while remaining accessible to users.
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