Missouri Sues CoinFlip Over Alleged Scam Facilitation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 6 days ago

Explore Agentic TradingLet AI Trade for You

Lawsuit Background: The Missouri Attorney General's office has filed a lawsuit against CoinFlip, alleging that its crypto ATMs facilitated scams that resulted in significant consumer losses, highlighting the increasing regulatory pressure on the cryptocurrency industry.
Scam Mechanism: The lawsuit claims that CoinFlip's ATMs were exploited by fraudsters, directing victims to deposit cash and send cryptocurrency to wallets controlled by scammers, indicating a lack of effective safeguards to prevent such misuse.
Regulatory Trend: As crypto ATMs become favored tools for scammers, regulators are intensifying scrutiny on operators, demanding enhanced identity verification, transaction limits, and real-time monitoring to protect consumers from financial harm.
Industry Impact: This case may lead to stricter compliance requirements for CoinFlip and other crypto ATM operators, increasing operational costs, while also prompting more states to adopt similar measures to safeguard consumer rights.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like BTC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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 crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70382.021	72313.006	74338.031	76269.016	78294.041	80225.026	82250.051
Fibonacci	72313.006	73824.201	74757.82	76269.016	77780.211	78713.83	80225.026

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on BTC?

Get Started Free