BSAFE is receiving global awareness! October could
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21st Money Newsletter by the 21st Money Team
September 29, 2018
Crypto News & Analysis
An Initial Coin Offering (ICO) that is compliant to the standards of the Securities and Exchange Commission is a newsworthy item . The funds being raised through ICOs around the world have been significant. The first 6 months of 2018 reigned in nearly US $14 billion dollars in funding through ICOs , almost double the total amount raised in all of 2017.
BlockSafe Technologies has announced the launching of their SEC approved Security Token Offering (STO) . BlockSafe has been in the business of providing cyber security for 17 years. They are headquartered in Edison, New Jersey. BlockSafe is committed to eradicating cyber theft. They have leading edge technology to prevent crypto wallets from being hacked. BlockSafe is developing a solution to provide cyber security to cryptocurrency exchanges as well as newly created blockchains.
BlockSafe has made available to the public their latest version of anti-malware software for mobile and desktop functionality. They have aptly named it the CryptoDefender. Its primary function is to prevent crypto wallet theft. Their ExchangeDefender is targeted to defend the inner workings of cryptocurrency exchanges. The BlockchainDefender will provide a solution to protect permissioned blockchains by,
"Enabling a company to add Authentication, Transaction Verification, Content Filtering, DDoS Mitigation, Load Balancing and a Secure Firewall. There is no other product on the marketplace that offers this level of security for blockchains, says George Waller, CEO and Co-Founder of BlockSafe. The ExchangeDefender and BlockchainDefender are currently in beta testing.
BlockSafe claims that more than $350 million have been stolen from crypto wallets and those crimes go unreported. The victims of those crimes feel they have no legal recourse to reacquire their missing assets. BlockSafe's Chief Technology Officer has stated that $9 million is stolen every day from unsuspecting individual's crypto wallets.
"And the fear that this lack of security fosters is the single largest obstacle to mass consumer adoption of cryptocurrencies and the technology behind them.
The exact dates of the presale and the complete STO will be announced soon. BlockSafe intends to raise $27 million through their ERC-20 STO. They plan to use the proceeds from the sale to further the development of their cyber security technology .
BlockSafe's parent Company Strikeforce, listed on the NASDAQ (SFOR), is a well known facilitator of cyber security solutions for corporations, government agencies, and consumers .