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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.

Craig Wright Extends Settlement Offer to COPA and All Parties: Bitcoin Creator Saga Intensifies

Craig Wright, the man who controversially claims to be the creator of Bitcoin, has recently extended a settlement offer to the Crypto Open Patent Alliance (COPA) and all involved parties in an effort to avoid a trial regarding the intellectual property rights surrounding Bitcoin. This move comes after a UK judge mandated that Wright provide documented proof of his assertion of being Satoshi Nakamoto, the pseudonymous creator of Bitcoin. With the impending legal battle in London's High Court, Wright aims to defend his intellectual property rights in Bitcoin while emphasizing the importance of upholding the core principles of the cryptocurrency.

Settlement Offer Details:

  • Waiver of Rights: Wright has agreed to waive his database rights and copyrights related to BTC, BCH, and ABC databases.
  • Irrevocable License: He offers an irrevocable license in perpetuity to the opposing parties who control, operate, and/or own those databases.
  • Encouraging Fair Competition: The intention behind the offer is to foster open commercialization of technologies in a competitive and fair market, where intellectual property rights are both respected and leveraged.
  • Promoting Fair Competition: By enabling fair competition alongside BSV, Wright aims to create an environment where all parties can compete on a level playing field.

As the legal saga surrounding the true identity of Bitcoin's creator continues, Wright's offer signifies a potential shift towards a resolution that prioritizes open commercialization and fair competition within the cryptocurrency space.


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