Top Bitcoin mining country Kazakhstan turns off internet amid protests

Share This Post

The government of Kazakhstan shut down the internet after the cabinet resigned amid major anti-government protests.

Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests.

Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday.

“The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted.

Source: NetBlocks

Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the internet across the nation, according to some reports. Cellular networks have reportedly also been disabled in some cities, such as Almaty.

Kazakhstan’s ongoing internet outage comes after the Kazakhstan government resigned amid protests that were sparked over a sharp rise in fuel prices. President Kassym-Jomart Tokayev sacked Kazakhstan’s government early on Wednesday and declared a state of emergency in Almaty and the surrounding province.

According to some analysts, the protests are also a response to the lack of democracy in the country. “Young, internet savvy Kazakhs, especially in Almaty, likely want similar freedoms as Ukrainians, Georgians, Moldovans, Kyrgyz, and Armenians, who have also vented their frustrations over the years with authoritarian regimes,” Tim Ash, emerging market strategist at BlueBay Asset Management, said.

The protests have taken a violent turn, with reports of sustained gunfire between protestors and state security organs, including the police and the national guard.

Related: Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

The latest internet outages could affect the global Bitcoin hash rate. As previously reported by Cointelegraph, Kazakhstan accounted for 18% of the total global BTC mining hash rate distribution as of October 2021, second only to the United States.

Many Chinese Bitcoin mining companies and miners were increasingly relocating their services in Kazakhstan after the Chinese government announced a renewed ban on the crypto industry in September 2021.

Read Entire Article
spot_img

Related Posts

GCR’s Hack Possibly Tied to Solana’s CAT Coin Team, Onchain Sleuth Zachxbt Reports

On May 26, the trader known as GCR was allegedly hacked, possibly by the team behind the Solana-based meme coin CAT, as suggested by onchain sleuth Zachxbt Prior to the hack, an address linked to

EU draft standards deem MEV as ‘clear example of market abuse’ under upcoming MiCA rules

The European Securities and Markets Authority (ESMA) has been scrutinizing Maximum Extractable Value (MEV) as a clear example of illegal market abuse under its proposed technical standards for the

Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations

The price of bitcoin has exceeded $70,000, increasing by 21% during today’s trading sessions This latest rise led to the liquidation of $2775 million in bitcoin short positions Bitcoin Trades

Bernstein Predicts Crypto Arms Race Among Asset Managers

Global investment management and research firm Bernstein states that cryptocurrency is evolving into a substantial business opportunity for asset managers With the recent decrease in the popularity

Crypto Analyst Predicts 28,900% Rally To $154 For XRP Price, Here’s When

Crypto analyst CryptoBull recently highlighted a bullish pattern that could send the XRP price to three figures However, the analyst failed to give an exact timeline for when this massive rally would

Are all smart contracts created equal? How top Turing-complete blockchains compare

The crypto industry has several unique approaches to smart contract execution and decentralized applications (DApps) These innovations are driven by the need for scalability, security, and
- Advertisement -spot_img