Connect with us

Crypto

Nancy Guthrie disappearance highlights cryptocurrency’s role in criminal activity

Published

on

Nancy Guthrie disappearance highlights cryptocurrency’s role in criminal activity

PHOENIX (AZFamily) — The high-profile disappearance of Nancy Guthrie has brought new attention to the world of cryptocurrency, with multiple ransom notes sent to media outlets demanding payment in Bitcoin in exchange for Nancy Guthrie or her whereabouts.

What is cryptocurrency?

Cryptocurrency is digital money that only exists online. It operates on a network or blockchain rather than being controlled by a bank. It allows person-to-person transactions and uses a public ledger to record transactions. Crypto is most frequently used for online payments or investments.

Crypto expert Robert Hockensmith said every transaction is tracked and verified.

“Any time you buy it, any time you sell it, any time you use it to buy a product or service, any time you connect it or take it to another place, it is identified as you touching it. That’s how it works,” said Hockensmith, who works with AZ Money Guy.

Why criminals use cryptocurrency

Despite the tracking capabilities, criminals use crypto because it’s not that simple to trace. A cybersecurity expert said a lot of criminals have found creative ways to avoid being traced.

Advertisement

They’ll use multiple crypto wallets and addresses to obscure their identity. Funds can be transferred globally almost instantly, and if some IP addresses are hidden, they can be harder to locate. Once a transaction is confirmed, it’s extremely difficult to reverse.

“If you think about, for example, ID theft, cybercriminals might literally steal someone’s identity and that might include their access to something like Coinbase and then use that victim’s Coinbase to receive stolen funds and move it somewhere else, same way they used to do it with wire transfers,” said Eric Foster, cybersecurity and crypto expert and CEO of Tenex.AI.

Another crypto expert said criminals will keep moving their crypto over and over again, making it harder and harder to trace. He calls crypto the modern way of transporting large sums of money and said it has become the currency of choice for criminals.

See a spelling or grammatical error in our story? Please click here to report it.

Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

Advertisement

Crypto

The curious case of the AI bot that went rogue and started mining crypto

Published

on

The curious case of the AI bot that went rogue and started mining crypto

Continue Reading

Crypto

BitGW Expands Global Ecosystem by Seeking Affiliate Partners Worldwide

Published

on

BitGW Expands Global Ecosystem by Seeking Affiliate Partners Worldwide

NEW YORK, March 09, 2026 (GLOBE NEWSWIRE) — As the cryptocurrency industry continues to grow globally, digital asset platforms are increasingly turning to community partnerships to accelerate adoption. BitGW, a global cryptocurrency exchange focused on secure and compliant crypto trading, is actively seeking affiliate partners as part of its ongoing efforts to expand its global ecosystem and connect with new audiences.

Founded in 2023, BitGW has positioned itself as a technology-driven digital asset trading platform serving users across multiple regions. With a remote-first operating model and an international team, the exchange has developed an infrastructure designed to support the borderless nature of the cryptocurrency market. As the platform continues to grow, BitGW is now inviting affiliates from across the crypto industry to participate in promoting the platform and contributing to the expansion of its trading ecosystem.

The company is currently looking for a wide range of affiliate partners, including cryptocurrency influencers, trading educators, digital media outlets, blockchain communities, and independent content creators. By collaborating with these partners, BitGW aims to strengthen connections with the global crypto community while expanding awareness of its platform and services.

Affiliate partners will play an important role in introducing BitGW to new users and communities. Through content creation, educational resources, market insights, and community engagement, affiliates can help promote the platform and highlight its features to audiences interested in cryptocurrency trading and digital assets. The Affiliate Program provides additional information for potential partners interested in participating in the initiative.

In recent years, affiliate partnerships have become a key growth channel for many digital asset platforms. Influencers, analysts, and specialized crypto media often serve as trusted sources of information for both new and experienced traders. By working closely with these voices, exchanges can better reach audiences who are actively engaged in the evolving Web3 ecosystem.

Advertisement

BitGW believes that collaboration with affiliates can help strengthen the overall crypto ecosystem by encouraging greater participation and education within the industry. Through partnerships with creators and community leaders, the platform hopes to support broader awareness of digital asset trading while building stronger connections between the exchange and the global cryptocurrency community.

The affiliate initiative is also part of BitGW’s broader strategy to expand its international presence. While the program is initially available in selected regions, the company plans to continue exploring additional partnership opportunities as its global footprint grows.

As cryptocurrency markets continue to evolve, community-driven growth is becoming an increasingly important factor for platforms seeking long-term development. By inviting affiliates from across the digital asset industry to join its network, BitGW aims to build a collaborative ecosystem where creators, communities, and trading platforms can grow together.

Through this initiative, BitGW is encouraging interested affiliates, media platforms, and crypto influencers to explore partnership opportunities and take part in promoting the next phase of digital asset adoption.

CONTACT:

Advertisement

Website: https://www.bitgw.com
Contact Person: Marcellino
Email: Support@bitgw.com
Company Name: BITGW CO., LTD

Disclaimer:  This content is provided by BITGW CO., LTD. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer:  This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions.  We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35482624-ad3f-4798-9821-65c9a0626790

Advertisement
Continue Reading

Crypto

Here’s Why Bitcoin Price Must Not Fall To $54K: Analyst

Published

on

Here’s Why Bitcoin Price Must Not Fall To K: Analyst

Over the past few days, the Bitcoin price has had one of its better performances so far in the first quarter of 2026. Catalyzed by the rising geopolitical tensions between US-Isreal and Iran, the premier cryptocurrency climbed to $74,000 over the past week.

However, the Bitcoin price did not take long before retreating back below the psychological $70,000 level, confirming that the latest rally was merely a relief. With the bearish market structure still in place, it remains to be seen how low the price of BTC will go in its current phase.

$70 Million Worth Of Longs At Risk Of Liquidation

In a new post on the social media platform X, crypto analyst Ali Martinez revealed why a further decline to around $54,000 in the remaining period of this phase is possible and could be bad news for both investors and the Bitcoin price. Hence, the $54,000 mark could be an extremely pivotal region for the flagship cryptocurrency in this bear market.

Martinez’s evaluation revolves around the Aggregated Liquidation Levels Heatmap metric, which visualizes price zones with high concentrations of long or short liquidations. As expected, the red (hot) color on the map signifies a concentrated liquidation point of several high-leverage positions, often with high liquidity.

Advertisement

These high-liquidity spots often have a somewhat magnetic effect, with prices often drawn to them. According to Martinez, this “hot” zone for the Bitcoin price lies around the $54,000 mark, with over $70 million worth of long positions at risk of liquidation.

Ordinarily, a Bitcoin price drop to around $54,000 would do extra damage to the already low market sentiment. Meanwhile, from a technical perspective, the significant liquidation cascade likely to occur at that level could lead to a phenomenon called a “Long Squeeze,” where the flagship cryptocurrency continues its decline with renewed momentum.

For clarity, a Long Squeeze typically occurs when the falling price of a cryptocurrency (in this case, Bitcoin) forces bull traders to sell their assets either to cut losses or to break even. This sell-off catalyzes the ongoing bearish reaction and sends the BTC price further downwards.

Ultimately, the $54,000 region, which is also around the realized price, appears to be one of the most critical levels for the Bitcoin price trajectory over the next few months.

Advertisement

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $67,830, reflecting an over 4% decline in the past 24 hours. Since reaching its one-month high around $74,000 on Wednesday, March 4, the premier cryptocurrency has retraced by nearly 10%.

Continue Reading

Trending