Share this article
Elon Musk's X Is Reportedly Now Banned in Brazil Following Judge's Ruling
Use of a VPN to circumvent the prohibition could lead to hefty fines, according to media reports.
By Nick Baker
Updated Aug 30, 2024, 9:36 p.m. Published Aug 30, 2024, 9:28 p.m.
A judge banned the use of Elon Musk's social-media platform X in Brazil, according to media reports, the culmination of a months-long battle over allegations the platform was used to spread disinformation and Musk's free-speech retort.
X had ignored an order to remove some accounts. So, on Friday, Brazilian Supreme Court Justice Alexandre de Moraes ruled that internet service providers must block X in the country of about 215 million people, according to the New York Times. Local media reported that anyone who uses a VPN to circumvent the ban could be subject to a fine amounting to 50,000 reais ($8,900), according to the BBC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For cryptocurrencies, the decision cuts Brazilian users off from a platform that has for years served as the industry's town square. Crypto-supporter Jack Dorsey, who co-founded X when it was called Twitter, has supported two alternative platforms: Nostr and Bluesky, though he's distanced himself from the latter.
One of Bluesky's developers posted on that platform after the Brazilian decision: "We've never seen traffic like this."
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
