Louisiana's Bitcoin ATM Law Recovers $200,000 from Scammers
- Significant Fund Recovery: Louisiana's new legislation has helped victims recover approximately $200,000 within months of implementation, demonstrating the effectiveness of legal intervention against crypto scams and enhancing public confidence in protective measures.
- Effective Transaction Limits: The law imposes a daily transaction cap of $3,000 per user, significantly reducing the risk of scammers draining victims' funds in a single visit, thereby improving the detectability of fraudulent activities and safeguarding the elderly population's assets.
- Cooling-Off Period Mechanism: By mandating a 72-hour waiting and cancellation window for Bitcoin ATM transactions, the law allows victims to retract transactions upon realizing they are being scammed, increasing the likelihood of law enforcement intervention and effectively countering rapid transfer fraud schemes.
- Enhanced Regulatory Measures: All crypto ATMs are now required to display clear fraud warnings, and operators must be licensed and utilize blockchain analytics tools to monitor suspicious activities, which not only increases industry transparency but also provides a regulatory model for other states to consider.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.893 | 41.697 | 67.243 | 93.047 | 118.593 | 144.397 | 169.943 |
| Fibonacci | 41.697 | 61.312 | 73.431 | 93.047 | 112.662 | 124.781 | 144.397 |
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