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SEC mock fake ICO, Jack Dorsey advocates Bitcoin, CCID reveals blockchain ratings – Daily News Roundup

May 17th 2018: In today’s news the SEC take a dig at fake initial coin offering websites, Square’s Jack Dorsey expresses hope in Bitcoin and the CCIC reveals the first blockchain technologies rating index.

The SEC exchange their usual security tone for a mocking one

The US Securities and Exchange (SEC) has released an announcement which explicitly mocks fraudulent initial coin offerings’ websites.

In the press release, the SEC announced that they have set up a website,, with the sole function to emulate a fake coin offering site. The purpose of the mockery is to show investors what it is to watch out for in scam coin offerings – the organization’s page has a link to a “Buy Coins Now” page which automatically leads to tools and tips from regulatory officials in order to equip investors in ways to avoid being scammed.

Who knew regulatory authorities could have such a delightfully malicious sense of humor?

Jack Dorsey thinks Bitcoin is a well-rounded way to the future of Square

The CEO of Square Jack Dorsey hopes to see Bitcoin as the Internet’s default currency.

In March, Dorsey expressed his opinion that bitcoin would dominate the web and he still maintains this belief. The CEO has offered that he is very interested to see how this will affect Square and the direction his company will ultimately take.

He also admitted that the topic is a point of debate at the company, but holds that bitcoin – and open sourced blockchain technology – has inspired some of the fundamental ways in which Square look at the market.

[There’s] still a lot of skepticism and a lot of debate and a lot of fights. But that’s where the magic happens, where creativity happens”.

Rated! The CCID reveals the first-ever blockchain evaluation index

China’s Center for Information Industry Development has released the first-ever international blockchain technology ranking index.

The results are in and they show the index of the second-generation blockchain technologies, showing the companies assessment based on basic technology, applicability, creativity and total index which tallies up to reveal the total position in rank.

The first released results place the top five second-generation blockchain as follows:

  1. Ethereum
  2. Steem
  3. Lisk
  4. NEO
  5. Komodo

It is reported that new findings on the index will be issued on a monthly basis and will be able to track the direction in blockchain technology’s development and growth in innovation.