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The team behind the Floki Inu cryptocurrency has stopped offering staking programs for Floki and TokenFi in Hong Kong. They made this decision after the local regulator labeled these programs as “suspicious investment products.
The Floki Inu cryptocurrency team has ceased Floki's staking programs in Hong Kong after the local regulator marked them as “suspicious."
In response to the recent notice issued by the Hong Kong Securities and Futures Commission (SFC) regarding the Floki and TokenFi staking programs, the Floki team has issued a comprehensive response.
Hong Kong's Securities and Futures Commission (SFC) has raised concerns about the high annualized percentage yield (APY) offered by Floki's staking program, prompting the project's team to take immediate action.
Hong Kong's Securities and Futures Commission labeled Floki and its staking program a suspicious investment product.
The Securities and Futures Commission (SFC) of Hong Kong has raised a red flag, advising the public to exercise caution when considering high-yield crypto investment schemes. Notably, the SFC has singled out the Floki Staking Program and the TokenFi Staking Program as potentially risky ventures.
For cryptocurrency investment strategies, 2024 will be the year of the ETF. That is how to play this fundamental shift in the market.
A Hong Kong watchdog, the SFC, has cautioned investors about the enticing yet potentially risky ‘Floki Staking Program' and ‘Tokenfi Staking Program,' which offer high annualized returns without the required regulatory green light.
Hong Kong's Securities and Futures Commission (SFC) has issued a public warning about the unauthorized status of two investment products associated with the Floki ecosystem – the "Floki Staking Program" and the "TokenFi Staking Program."
Hong Kong cautions investors on crypto staking programs claiming high returns without authorization.
The Hong Kong Securities and Futures Commission (SFC) has issued a cautionary statement to the public regarding two investment products associated with the Floki Inu ecosystem.
The Hong Kong Securities and Futures Commission (SFC) has issued a stern warning to the public about two staking products named the “Floki Staking Program” and the “TokenFi Staking Program.” Both staking products, which the financial regulator described as “suspicious,” are affiliated with the Floki protocol.
The team assured its investors it would go through all appropriate channels to fulfill all requirements with the Hong Kong authorities.
Hong Kong securities watchdog has warned the public against two “suspicious investment products” related to crypto.
Hong Kong's Securities and Futures Commission (SFC) has issued a stern warning about two new investment schemes named “Floki Inu Staking Program” and “TokenFi Staking Program.” These programs have come under scrutiny for their high-return promises, which range from 30% to over 100% annually.
Hong Kong Securities and Futures Commission (SFC) has raised red flags over the Floki & TokenFi Staking Program, categorizing them as questionable investment products.
In a startling turn of events, Floki Inu (FLOKI), a prominent player in the meme cryptocurrency sector and a competitor of Shiba Inu (SHIB), is grappling with regulatory troubles unleashed by Hong Kong's Securities and Futures Commission. The regulator issued a public warning cautioning against two investment products associated with Floki Inu – the Floki Staking Program and TokenFi Staking Program.
Dogecoin and Floki received a substantial boost in price last weekend as X payment integration comes closer.
While the crypto market remained dull over the past week, with Bitcoin (BTC) dropping over 4% on its seven-day chart, meme coins Dogecoin (DOGE) and Floki Inu (FLOKI) recorded notable uptrends. Speculations about Elon Musk's X adopting crypto payments contributed to the price upswings. Dogecoin rose from its weekly low of $0.074 to $0.
The dog-themed tokens have a tendency to move on any payments-related development at X (formerly Twitter).
Altcoins and meme coins are currently navigating choppy waters in the cryptocurrency market. This follows Bitcoin's (CRYPTO: BTC) price roller coaster, where the apex cryptocurrency spiked to $49,000 last week after the launch of BTC exchange-traded funds (ETFs) in the U.S., only to experience a swift downturn to $41,000, as a ‘sell the news' effect kicked in.
Floki's (CRYPTO: FLOKI) sister token TokenFi (CRYPTO: TOKEN) is betting heavily on tokenization. What Happened: TokenFi is up 33% in the last seven days, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which gained over 2-4% during the same period.
A recently emerged meme coin called Dogwifhat (WIF), built on the Solana blockchain, has surpassed the market capitalization of its Ethereum-based counterpart Floki (FLOKI), as reported by CoinGecko. With a current valuation of $310 million, Dogwifhat is gaining traction and posing a potential challenge to other meme coins like Pepe (PEPE).
A new Solana-based meme coin, dubbed Dogwifhat (WIF), has edged out its Ethereum-based counterpart Floki (FLOKI) in market capitalization, according to CoinGecko data. The meme coin is now worth a cool $310 million, threatening to challenge the likes of Pepe (PEPE).
