Coinbase Warns Users of Card Issuers Changing MCC Code

Coinbase stated that the changes to the MCC code for cryptocurrency purchases can result in credit companies charging higher fees for transactions
01 February 2018   630

As it is reported by Techvoid, on January 1 Coinbase cryptocurrency exchange sent emails to its users this morning warning them about credit card companies which are changing MCC code. MCC code is ususally used to classify the business by the type of goods or services it provides.

Coinbase email
Coinbase email regarding MCC code

Coinbase stated that the changes may affect the cost of purchasing cryptocurrency with credit cards, setting it higher than it used to be. The number of major credit card issuers has changed the MCC code, which will increase the fees, and Coinbase warned users that those fees are not collected by Coinbase itself.

Moreover, Coinbase recommended its users to switch to the bank account or debit card so as to avoid the high fees for transactions.

New York Attorney General Quit, Accused by 4 Women

Eric Schneiderman is known in cryptocurrency world as a person that send request to 13 cryptocurrency exchanges
08 May 2018   237

The Attorney General of New York State and the well-known opponent of the Trump Administration, Eric Schneiderman, left his, after The New Yorker reported that he was accused of attacking four women. This writes The New York Times.

It’s been my great honor and privilege to serve as attorney general for the people of the State of New York. In the last several hours, serious allegations, which I strongly contest, have been made against me. While these allegations are unrelated to my professional conduct or the operations of the office, they will effectively prevent me from leading the office’s work at this critical time. I therefore resign my office, effective at the close of business on May 8, 2018.

Eric Schneiderman

Ex Attornet General, New York

As reported by The New Yorker, two women said that Schneiderman strangled and beat them from time to time; they had to seek medical help. The third alleged victim reported that he "released her cruel slaps." The fourth shared similar experiences.

All victims were with Schneiderman in a romantic relationship and said that he showed cruelty in their attitude without mutual consent.

In mid-April, Schneiderman sent inquiries to 13 exchanges of cryptocurrencies and asked them to fill out a questionnaire that required information on "operations, the use of trading bots, conflicts of interest, work stops and other key points."

Many exchanges supported the initiative of the prosecutor, and Coinbase even disclosed some of the information in public. At the same time, the Kraken exchange refused to respond to the request, arguing that it was unwilling to support inadequate regulation of the New York-based cryptocurrency area.