North Dakota bill seeks to cap crypto ATM transactions to tackle fraud

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 23 2025

Should l Buy ATM?

North Dakota's Proposed Bill: Lawmakers in North Dakota are debating House Bill 1447, which aims to limit crypto ATM transactions to $1,000 per day, cap fees, and require fraud warnings to protect residents from scams, particularly targeting the elderly.
Rising Crypto Fraud Concerns: The bill comes in response to significant losses reported by residents due to crypto scams, with the FBI noting that Americans lost $5.6 billion to crypto fraud in 2023, highlighting the need for enhanced consumer protections at crypto ATMs.

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Technical Analysis for ATM

Technical Sentiment Analysis for Atletico De Madrid Fan Token (ATM) As of , Atletico De Madrid Fan Token (ATM) 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 ATM 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, ATM 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 $-.

Atletico De Madrid Fan Token (ATM) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.488	0.618	0.736	0.866	0.984	1.114	1.232
Fibonacci	0.618	0.712	0.771	0.866	0.96	1.019	1.114

About ATM

Tokens are generally assets that can represent proof of ownership or even membership. As tokens are already being used for a wide range of purposes, many specialized blockchains have been developed with native intent to support tokens, the most common of which is currently Ethereum and their ERC standard tokens. Socios.com is an app for football (soccer) fans, where users acquire voting rights to influence the clubs they support by acquiring club-specific Fan tokens.

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.

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