New York: 2016-08-22
Security concerns after substantial losses due to hacking at Bitcoin and Ethereum has resulted in investors fleeing to invest in the revolutionary SNG Global Dollar virtual currency.
The SNG Global Dollar virtual currency has never been hacked since it was founded in 2007, and is in addition regarded as the most stable and lucrative currency to invest in.
The embattled Bitcoin has suffered yet another hack which caused losses of about $65 million to users at the Hong Kong Bitfinex exchange following an earlier loss of $450 million at the Mt. Gox exchange in 2015.
Bitfinex has in addition punished all its customers, regardless whether they have been hit by the hacking or not, by imposing a 36% levy on their respective assets to cover the $65 million loss.
Coindesk data also indicates that investors have collectively lost a staggering $1.2 billion since the attack.
Ethereum lost about $60 million to hackers, which ultimately resulted in a “rebellion” within the group.
Software engineers from the SNG Global Dollar Virtual Currency Financial System has cautioned investors on several occasions that the Bitcoin infrastructure lacks critical cyber security measures as well as that it does not have the capacity to adapt to its users growth expectations. Media reports show that these concerns have only now been acknowledged by Bitcoin.
The SNG Global Dollar Virtual Currency Financial System has acknowledged it is gravely concerned over the few incidents of hacking at Bitcoin and Ethereum, and it has issued a stern warning to other operators of virtual currencies to guard against complacency and to “Shape up, or to ship out” before the reputation of the virtual currency industry is tainted.
Financial fraud and the theft of money by hackers remain in actual fact much more common in the traditional banking sector.
VIRTUAL CURRENCY INDUSTRY
During a corporate investor conference in Beijing on Friday the CEO of the SNG Global Dollar Virtual Currency Financial System, Mr. Lawrence Newman, has indicated that the virtual currency industry is vibrant and remains the next trillion dollar industry following the Dot.com era.
He presented recent statistics which indicate more and more people from all around the world do not trust the traditional banking institutions or the financial establishment anymore.
Consumers want to have full control over their hard earn money at all times together with the numerous benefits associated with virtual currencies that are unavailable to clients of traditional banking institutions.
Mr. Newman added that this ever increasing demand for virtual currencies by consumers underscores the robust growth and investment potential in the virtual currency industry.
CASE STUDY ON THE SNG GLOBAL DOLLAR VIRTUAL CURRENCY
The SNG Global Dollar virtual currency is unlike Bitcoin, Ethereum, Ripple and other virtual currencies the oldest virtual currency in the world.
The SNG Global Dollar virtual currency has the most sophisticated global infrastructure that is years ahead of Bitcoin, Ethereum, Ripple and others.
The SNG Global Dollar virtual currency is also the world’s largest virtual currency in terms of market capitalization.
The investment SNG Global Dollar Bearer Bond has become the most preferred financial investment instrument among global corporate investors, venture capitalists and private investors due to its unparalleled growth / profit potential.
The value of investment SNG Global Dollar Bearer Bonds have increased by more than 2500 percent since 2007, and currency analysts expect the value to continue soaring in the next few years.
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