↘ Global Events Reflect both the Promise and Perils of the COP Coin Phenomenon.
Summary: Numerous events have unfolded around the globally spreading phenomenon of cryptocurrency adoption by law enforcement agencies, marked by...
In recent events, it seems that law enforcement is significantly entwined with cryptocurrencies. Multiple officers worldwide have been identified in cryptocurrency related misconducts involving significant sums. Instances involve a case in India where a Cop was arrested for stealing over $200K in Bitcoin connected to a scam probe. In a similar case, an Australian police officer is facing court for apparently stealing 82 Bitcoin from a seized drug trafficker's wallet.
Bitcoin interception also seems to be an emerging trend in the police force, such as a Cop intercepting a $40K Bitcoin ATM scam by Chase Bank impersonator. German police also captured $2.1B worth of Bitcoin in a piracy sting, and the UK police returned £8 million in bitcoin stolen by a chronically ill bed-bound thief. To counteract the growing criminal crypto activities, the SEC has requested an extra $158M from the federal budget to police the crypto's 'Wild West.'
Interestingly, fundraising activities using coins are also becoming popular in the police community. The Coin Wars fundraiser, for instance, benefits Shop With A Cop. Challenge coins are gaining momentum and have sometimes been embroiled in controversies such as the Dallas police officer suspended over a 'racist' challenge coin design.
Lastly, in coin news, 300 Million $COPIUM Coins are to be burnt, which could impact their market value. Furthermore, a new Meme Coin $COPIUM has exploded by 1,000% at its DEX launch, signifying the growing interest in meme cryptocurrencies.
COP Coin News Analytics from Wed, 14 Feb 2018 08:00:00 GMT to Thu, 20 Jun 2024 07:44:43 GMT - Rating -1 - Innovation 0 - Information 5 - Rumor -2
