Binance has resumed crypto deposits and withdrawals in Brazilian reals using Pix, the government payment system, as of this week, Coindesk wrote Wednesday (July 6).
The company had suspended them through Pix after cutting a partnership with Capital, the local payment gateway that ran Binance’s deposits and withdrawals.
Binance will now be working through Latam Gateway, the Brazilian payments platform, instead.
Meanwhile, the Belgian Financial Services and Markets Authority (FSMA) has made guidelines on classifying crypto assets as securities, investment instruments or financial instruments, after numerous questions, a press release said.
The report notes that the FSMA wants to provide clarity as it’s waiting for “a more harmonized European approach.”
Elsewhere, blockchain ecosystem Binance will be cutting out all trading fees for some bitcoin spot trading pairs, in a way to celebrate its fifth anniversary, a press release said.
Founder Changpeng Zhao said this would be in line with the firm’s “inclusivity.”
The company will be doing this as of July 8.
In other news, Bitstamp won’t be adding a new fee for inactive customers, after the company said it would do so last week, a company blog said.
The fee would’ve been charged for customers not working on the platform with account balances of under €200. But the company has decided, in the wake of backlash, not to do this.
In more news related to crypto, Genesis Global Trading CEO Michael Moro has said Three Arrows Capital had been the counterparty that didn’t make its large margin call last month and forced liquidation of collateral, Coindesk wrote.
This comes as Three Arrows Capital has been ordered by the British Virgin Islands court to liquidate. And last week Genesis said it was facing “hundreds of millions” of dollars in losses because of this case. Genesis’ parent company Digital Currency Group (DCG) has been trying to curb risk, with DCG taking on some liability.
Additionally, Ethereum’s testnet Sepolia has transitioned to proof-of-stake, which brings the blockchain closer to its switch to that consensus mechanism, rather than proof-of-work, Seeking Alpha wrote.
Sepolia is the second of three public testnets to merge successfully, following Ropsten in June, with Goerli likely coming soon.
Finally, Voyager Digital’s shares have been suspended from trading on the Toronto Stock Exchange, as the exchange reviews whether the stock meets its requirements, Coindesk wrote.
The company filed for Chapter 11 on Tuesday (July 5) after estimates showed it had over 10,000 creditors and between $1 billion and $10 billion in assets, with the same range for liabilities.
A separate report by Bloomberg said Voyager account holders might not get all their crypto back, with the company reorganizing in the wake of the bankruptcy.
The report noted that Voyager’s bankruptcy plan “doesn’t intend to simply give users back their bitcoin, ether and other assets stored on the platform.”
And a PYMNTS report notes that Voyager wasn’t even able to be saved by a $500 million line of credit.
The company’s biggest problem, more than other lenders, is that it loaned out a huge amount of money, $650 million in a loan, to one borrower. That came as Voyager Earn, which offered 12% interest rates for crypto owners for depositing digital assets, which would be slow to borrowers, was highly popular with the user base.