“It is best seen as both a currency and a payment system, and because of its fixed supply, it is often referred to as “digital gold.””

Frequently asked questions on public pension investment in cryptocurrency and digital assets

“Digital currencies like Bitcoin are hard to track and often used by extortionists.A Bitcoin wallet listed in a note claiming to be from Nancy Guthrie’s kidnapper received a small payment, according to a Tucson, Ariz. television station.Credit...Justin Sullivan/Getty ImagesA Bitcoin wallet listed in a note claiming to be from Nancy Guthrie’s kidnapper has received a small payment, according to a Tucson, Ariz. television station, thrusting cryptocurrency into the center of a case that has gripped the nation.The episode highlights why digital currencies have become a common tool in ransom demands, and how difficult they can be to trace.Several news outlets received a supposed ransom note last week demanding payment to a Bitcoin wallet. One of them, KGUN, a Tucson television station, said on Tuesday night that the wallet had received a payment for less than $300. It remains unclear whether the person who sent the note is actually connected to Ms. Guthrie’s abduction.Since Bitcoin emerged in 2009, it has become a common payment method in extortion schemes, including ransomware attacks and kidnappings, because it allows transactions to be conducted outside the traditional financial system.”

Nancy Guthrie Live Updates: Man Detained for Questioning Is Released

“Since Bitcoin emerged in 2009, it has become a common payment method in extortion schemes, including ransomware attacks and kidnappings, because it allows transactions to be conducted outside the traditional financial system.”

Officers Seal Off Street Near Nancy Guthrie’s Home