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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.

Unveiling the Digital Poetry Revolution: Ana Maria Caballero's "Cords" Auction at Sotheby's

Ana Maria Caballero's poem "Cords" made waves in the art world last week when it fetched 0.28 Bitcoin or $11,430 at Sotheby's. The piece was featured in the Natively Digital auction, a collection of Bitcoin Ordinals inscriptions that delved into the realm of NFTs. This sale marked a significant moment for Sotheby's as it was the first time the auction house sold an individual poem, excluding manuscripts and books.

Key Points from the Sotheby's Auction:

  • Poem Details: "Cords" by Ana Maria Caballero
  • Buyer's Bonus: The buyer will also receive a signed print of the poem
  • Artist's Perspective: Caballero viewed the sale as an affirmation of the inherent value of written poetry

Michael Bouhanna, VP and Head of Digital Art at Sotheby's, highlighted the uniqueness of this sale, emphasizing that the value of the poem lies solely in its text, devoid of any additional sensory experiences like visuals or sounds. Caballero expressed her excitement about the opportunity to showcase the worth of words and language through this auction.

Inclusion in Caballero's Upcoming Book:

  • Title: Mammal
  • Significance: "Cords" will be featured in Caballero's upcoming book, adding another layer of prestige to the poem

The Natively Digital auction featured works by various artists, each contributing to the exploration of NFTs and digital art. Notable inscriptions, such as those from the "Quantum Cats" collection, commanded high prices, with one selling for over $250,000.

Artist Collaborations:

  • Curatorial Theme: Archeology in the blockchain
  • Collaboration: FAR invited Caballero to contribute a poem to the auction, emphasizing the unique intersection of art and technology

Caballero's accolades in the poetry world, including awards like the Beverly International and Josè Manuel Arango National Poetry Prizes, underscore her talent and recognition within the industry. Her involvement in theVerseverse, a digital poetry and NFT gallery launched in 2021, further cements her place at the forefront of innovative artistic endeavors.

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