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Floki Inu Restricts Access to Staking Programs in Hong Kong: Regulatory Concerns Addressed

In a recent development, Floki Inu has made the decision to block users in Hong Kong from accessing its staking programs. This action follows a warning from the Securities and Futures Commission of Hong Kong, which raised concerns about the staking programs being labeled as suspicious investment products due to the high annualized return targets ranging from 30% to over 100%. Despite the regulatory scrutiny, the Floki team has come forward to defend the elevated Annual Percentage Yield (APY) by explaining that it is a result of allocating the majority of TokenFi's token supply to stakers. Key Points: Floki Inu has restricted access to its staking programs for users in Hong Kong. The Securities and Futures Commission of Hong Kong issued a cautionary warning regarding the staking programs' high annualized return targets. The Floki team justified the high APY by attributing it to the allocation of the majority of TokenFi's token supply to stakers.

# Unmasking Craig Wright: The Musical Saga of Bitcoin's Creator

In a twist of events, the ongoing saga surrounding Australian computer scientist Craig Wright and his claims to be Bitcoin's creator, Satoshi Nakamoto, has now inspired a song. Titled "Craig Wright Is Not Satoshi," the single was written and recorded by musician Jonathan Mann, known as the "Song a Day" man for his impressive streak of creating a new song every day for the past 15 years. Mann, who holds the Guinness World Record for the most consecutive days spent writing a song, has recently been selling his daily songs as NFTs.

The song, which features a jubilant guitar-backed chorus repeating the lyrics "Craig Wright is not Satoshi" six times, also includes the upbeat refrain "Craig Wright is a liar." Released on Tuesday, the song was available for purchase as a single edition NFT and was eventually auctioned off for 0.12 ETH, equivalent to just over $198 at the time of writing.

Craig Wright's claims to be the creator of Bitcoin have long been met with skepticism and scrutiny. Despite his persistent assertions, he has failed to provide concrete evidence, such as the private keys to Satoshi's Bitcoin address, that would definitively prove his identity as Satoshi Nakamoto. This lack of evidence has led many industry leaders, including former nChain CEO Christian Ager Hanssen, to condemn Wright's claims as baseless and without merit.

The recent resurgence of interest in the saga came when the Twitter account "@satoshi" posted for the first time in five years. This event prompted further skepticism and criticism, with many viewing it as yet another attempt by Wright to imitate the real Satoshi Nakamoto. In response to these developments, Ager Hanssen resigned from his position as nChain's CEO, citing evidence of Wright's manipulation of documents to create a false impression of his involvement in Bitcoin's creation.

Mann's song cleverly touches on these latest updates, highlighting the fact that having the Twitter handle "@satoshi" does not automatically make someone Satoshi Nakamoto. In a catchy verse, Mann sings, "Just because he has the handle, doesn't mean he is Satoshi. He's just some Australian guy who's probably gonna sue me."

As the saga continues to unfold, it remains to be seen whether Craig Wright will ever be able to provide the substantial evidence needed to support his claims. Until then, the song "Craig Wright Is Not Satoshi" serves as a musical reminder of the ongoing debate surrounding the true identity of Bitcoin's creator.


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