tl;dr
Access to Binance has been blocked in Venezuela following the country's controversial presidential election, leading to civil unrest and high inflation. Binance reassured customers that their funds are safe despite the restrictions. A non-governmental organization reported a DNS block on Binance's p...
Binance, the leading global cryptocurrency exchange, has faced access restrictions in Venezuela following the country's controversial presidential election. The aftermath of the election has led to civil unrest and rampant inflation in the South American nation.
Despite the access restrictions, Binance reassured its Venezuelan customers that their funds are secure under the exchange's robust security protocols. The company acknowledged the inconvenience and concern caused by the situation and pledged to closely monitor and address it.
A non-governmental organization, VE sin Filtro, reported a DNS block on Binance's pages in Venezuela, highlighting the extent of the access restrictions. The election results in Venezuela have been questioned by the White House, with the National Security Council expressing doubts about their legitimacy. The call for transparency in releasing detailed voting results reflects international concern about the electoral process in Venezuela.
In addition to the political turmoil, Venezuela is grappling with staggering inflation rates, projected to reach 150% next year according to Statista. This starkly contrasts with the United States, where inflation is currently around 3%. The socioeconomic challenges in Venezuela underscore the multifaceted impact of the election and its aftermath on the country's financial and political landscape.
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Sector: MANUFACTURING
Industry: SEMICONDUCTORS & RELATED DEVICES
Market Cap: 77345000
Dividend Yield: None
EPS: -0.68
PE Ratio: 1.918
Profit Margin: -0.127
Revenue: 106582000
Price to Book: 4.38
Price to Sales: 3.42
ROE: 0.148
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Industry: ENERGY & TRANSPORTATION
Sector: RAILROADS, LINE-HAUL OPERATING
Market Cap: $54.18 billion
Current Price: $264.45
P/E Ratio: 30.29
EPS: 5.4
Dividend (Yield): $7.83 (2.96%)
52-Week Range: $53.49 - $264.45
Beta: 0.148
Net Income: $12.09 billion
Shares Outstanding: 120.92 million
Volume: 1.082 million
Average Volume (3 months): 0.021 million