• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

X Platform Stopped in Brazil by Court Order

user avatar

by Giorgi Kostiuk

2 years ago


  1. Reasons and Background
  2. Ongoing Tussle
  3. Future of X Platform in Brazil

  4. X, formerly known as Twitter, a social media platform, has been halted in Brazil by an order of a Brazilian Supreme Court judge following Elon Musk's refusal to name a legal representative for the company.

    Reasons and Background

    According to an Associated Press report from August 30, Justice Alexandre de Moraes carried out his threat to shut down X’s activities in Brazil if Musk did not designate a legal counsel by August 29. The platform claimed it was defying Moraes' unlawful demands to suppress his political opponents.

    Ongoing Tussle

    It is uncertain what X plans to do next for its users in Brazil. According to Musk, Justice Moraes was a “dictator” and “evil” due to the alleged unlawful political censorship. Moraes initiated an investigation into X because of the spread of false material on former Brazilian president Jair Bolsonaro. Users in Brazil who utilize the X platform said they could still access it. Of the approximately 217 million people living in the nation, about 20 million use X.

    Future of X Platform in Brazil

    The decision came after satellite provider Starlink announced on August 29 that Justice Moraes had blocked the business’s Brazilian finances. Starlink is a subsidiary of Musk’s other firm, SpaceX. Meanwhile, a US district court sided with Elon Musk and Tesla in the DOGE manipulation lawsuit, stating that Musk’s tweets were “aspirational and puffery.”

    The future of the X social media platform in Brazil remains uncertain. The Brazilian Supreme Court's decision may impact millions of users' access and set a precedent for other countries.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Intesa Sanpaolo Expands Crypto Holdings and Custody Services

chest

Intesa Sanpaolo, Italy's largest bank, has significantly increased its crypto investments and partnered with Ripple to offer custody services.

user avatarAyman Ben Youssef

Market Resilience Amid Bitcoin Price Fluctuations

chest

Despite concerns over market conditions, Bitcoin has shown resilience with a 25% rebound from recent lows.

user avatarTando Nkube

Bitcoin Long-Term Holder Supply Reaches 1.526 Million BTC

chest

The long-term holder supply of Bitcoin has climbed back to 1.526 million BTC, indicating a shift in market sentiment.

user avatarKofi Adjeman

Abu Dhabi Sovereign Wealth Fund Boosts Investment in Bitcoin ETF

chest

Mubadala Investment Company has increased its investment in BlackRock's iShares Bitcoin Trust, raising its stake to approximately $566 million.

user avatarSatoshi Nakamura

Harvard University Cuts Back on Bitcoin ETF Investments

chest

Harvard University has reduced its investment in BlackRock's iShares Bitcoin Trust by 43%, now holding approximately $117 million in IBIT shares and has liquidated its Ether ETF position.

user avatarJesper Sørensen

Canadian Banks Boost Crypto Investments Amid Market Challenges

chest

Several Canadian banks have increased their holdings in BlackRock's iShares Bitcoin Trust (IBIT) while managing risks.

user avatarNguyen Van Long

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.