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Top 8 cryptocurrency transactions

From the Emerging Technologies Blog
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Categories: Cryptocurrencies


A report just came out and listed the top 8 cryptocurrency transaction (in order).  They surprised my how about you?

1. Speculation

2. Dark Web Transactions

3. Money Laundering

4. Ransomware (payments)

5. Evading Sanctions

6. Theft of Cryptocurrencies

7. Hacking Cryptocurrency Infrastructure

8. Legal Goods & Services Transactions

That is really a dark picture of what is going on in the cryptocurrency marketplace.  It is likely and likely will continue to have a negative impact on the global acceptance and use of cryptocurrencies in business.


Posted on: January 20, 2019 04:06 PM | Permalink

Comments (12)

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Logan Berger President| Berger Consulting LLC Seattle, Wa, United States
Can you link the report?

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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
@ Logan here you are https://www.forbes.com/sites/jasonbloomberg/2019/01/19/the-eight-most-popular-cryptocurrency-transaction-types-are-not-what-you-expect/#22b1faaa16ea

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RAJESH K L Project Manager, PMP| Bharat Electronics, Bengaluru, India Bengaluru, Karnataka, India
Thanks for sharing

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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates New Westminster, British Columbia, Canada
Interesting Info Kevin

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Glenn Chundrlek Project Manager| Belcan Loveland, Oh, United States
I am not surprised at this, given that most cryptocurrencies are experiencing a good deal of volatility. That volatility tends to make them a risky means of exchange, and thus discourages their use in those cases where a more stable means of payment is available.

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Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
Nothing to increase positive view of cryptocurrencies. So eight place is just a few percentages.

Please post the report link.

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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
This is interesting to say the least!

UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments

https://www.ccn.com/uae-saudi-arabia-launch-cryptocurrency-pilot-for-cross-border-payments

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Johnny Turner Principal| JJLLC Gahanna, Oh, United States
Wow. Please post report’s link.

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Kali Jennifer Manager| asana Ny, United States
Thank you so much for sharing this. I appreciate your efforts on making this collection.

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Glenn Chundrlek Project Manager| Belcan Loveland, Oh, United States
Kevin, the UAE/Saudi project you linked is an interesting use of blockchain technology, and while it is a cryptocurrency, it appears to be more of an agreed-upon exchange protocol than more "conventional" examples such as Bitcoin. I don't think that one is necessarily comparable to the other..

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Mark Markowitz Project Executive| Independent Consultants Ontario, Canada
I continue to be amazed by the biased interpretations of information published by reputable sources. What has become clear is that the biased interpretations and comments are an effort to further the individual’s own agenda. If it is counter to their agenda their views are negative and becomes further skewed. It would be wise for them to consider if they should alter their opinions and agenda! That is second nature for those who are successful!

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Kevin Coleman Subject Matter Expert, Author, Speaker and Strategic Advisor| - Insights Pa, United States
In about 15 minutes (near 1:50 ET 7/15/2019) the White House will make an announcement about the regulation of cryptocurrencies.

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