Daily: EPIC FAIL - Bittrex IEO cancelled / Samsung S10 Blockchain Keystore

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Bittrex did an oopsie - their first Initial Exchange Offering "RAID" was canceled 10 hours before launch. This last-minute cancellation was caused by RAID's major partner, OP.GG canceling the partners...

Bittrex did an oopsie - their first Initial Exchange Offering "RAID" was canceled 10 hours before launch. This last-minute cancellation was caused by RAID's major partner, OP.GG canceling the partnership. Samsung s10 Blockchain Keystore is fully active in South Korea - viewer submitted clip of the Enjin Wallet + S10. CBOE Bitcoin Futures Cancelled #Bittrex #RAID IEO #S10 1:33 Bittrex Fail - RAID IEO cancelled 3:51 Samsung S10 Blockchain Features 5:55 CBOE Bitcoin Futures Suspended 6:42 Mt Gox CEO sentenced for 2 years https://bittrex.zendesk.com/hc/en-us/articles/360025035532 https://www.coindesk.com/cboe-puts-brakes-on-bitcoin-futures-listing https://www.coindesk.com/hands-on-preview-of-samsungs-galaxy-s10-phone-reveals-new-crypto-details 👍🏻Subscribe to Boxmining for Daily CryptoNews and Altcoin explainers: https://www.youtube.com/c/boxmining 👑Recommended Exchange - Binance: https://goo.gl/joe55C 🔒Hardware Wallet: https://www.ledgerwallet.com/r/428b 📲Mobile Wallet: https://enjinwallet.io/ Brave Browser: https://brave.com/box831 #Bitcoin #Ethereum #Cryptocurrency #Crypto #Altcoins ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups: Telegram Discussion Group: https://t.me/boxminingChannel Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social: Steemit: https://steemit.com/@boxmining Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●

AI Analysis

This video dives into some pretty wild crypto news, covering everything from a major exchange's hilarious IEO flop to Samsung's impressive jump into blockchain, and a couple of updates from the traditional finance and legal sides of the crypto world. It really highlights the volatility and rapid developments in the crypto space, showing how traditional players are either struggling to keep up or making big moves, while long-standing issues slowly wind through the courts.

Here's a breakdown of the key happenings:

* Bittrex's RAID IEO Epic Fail:
* Bittrex, a major crypto exchange, had to cancel its first-ever Initial Exchange Offering (IEO) for a new token called RAID just ten hours before its scheduled launch.
* IEOs are essentially super-hyped, accelerated versions of Initial Coin Offerings (ICOs), which often means less due diligence and more risk.
* The cancellation happened because OP.GG, a crucial partner of the RAID project, completely pulled out and disavowed the project.
* It gets even funnier (and shadier) because RAID's co-founders were actually the Chief Strategic Officer and founder of OP.GG, meaning they essentially terminated a partnership with themselves.
* OP.GG released a very strong statement, declaring they had "stopped all potential business relations," would have "no economic and technical cooperation," and had "no intention of developing any blockchain related business utilizing RAID games data."
* This strong reaction suggests that an external entity, possibly a major player like Riot Games (developers of League of Legends, which OP.GG relates to), pressured OP.GG to abandon the blockchain project entirely.
* It really looked "super shady" to see OP.GG backtrack so quickly, even though it meant gutting the RAID project's core team.
* A data marketplace like RAID, which aimed to use gaming data, just wouldn't work without the actual game developers on board. Rushing blockchain projects without proper foundational partnerships is a recipe for disaster.

* Samsung Galaxy S10's Deep Blockchain Integration:
* The new Samsung Galaxy S10 smartphone boasts incredibly deep blockchain features, most notably called the "Samsung Blockchain Key Store."
* A user-submitted clip demonstrates how an Android wallet can directly interact with this Key Store, offering an impressive layer of security.
* This integration makes the S10 one of the most secure blockchain phones available, with the potential to reach over 41 million users, which is "insanity."
* The phone supports transactions for Bitcoin, Ethereum, Litecoin, and any ERC20 tokens (which can be added). It also handles ERC1155 items and facilitates crypto exchanges through platforms like Bancor, Change.ly, and Kyber Network.
* The blockchain features are protected within Samsung Knox, which is a defense-grade security measure certified by the U.S. Department of Defense and considered "unpenetrable."
* To steal a wallet from the phone, an attacker would need to bypass three layers of security: biometric (fingerprint), Android's built-in security, and then the robust Knox security. This makes it an incredibly secure device for holding private keys.
* The S10 is essentially the "best blockchain phone out there," especially considering its high-quality screen and cameras.
* However, there's a personal frustration: the Blockchain Key Store features aren't enabled in all regions, specifically Hong Kong, which is "kind of sucks." There's a plea for Samsung to enable these features globally.

* CBOE Puts Bitcoin Futures on Hold:
* The Chicago Board Options Exchange (CBOE) has decided to suspend its Bitcoin futures market.
* This comes after they made big news last year by announcing their entry into Bitcoin futures.
* The main reason for the suspension was low trading volume; it "wasn't really worth their time."
* The CBOE's volume was significantly lower compared to the CME Group, another major futures exchange.
* Interestingly, this news had no discernible effect on the prices of Bitcoin, Ethereum, or any other cryptocurrencies.
* It seems the crypto market basically shrugged it off, indicating that it's not heavily reliant on traditional finance institutions like CBOE for its stability or direction.

* Mt. Gox CEO Sentenced for Data Manipulation:
* Mark Karpelès, the former CEO of the infamous Mt. Gox exchange, was found guilty of data manipulation in Tokyo courts.
* Mt. Gox was one of the largest Bitcoin exchanges back in the day but declared bankruptcy and liquidation in 2014, taking many customers' funds with it.
* For those affected, including the presenter, it's been five years of waiting for legal outcomes and trying to reclaim lost crypto. There's a strong sentiment that "someone needs to be guilty of something."
* Over the years, shady details emerged, including trading bot manipulation and attempts to cover up the hack before reporting it to the police.
* Karpelès received a sentence of two years and six months for wrongfully manipulating electronic records related to Mt. Gox's books. However, he can avoid jail time by maintaining four years of clean records.
* The punishment is widely perceived as "such a weak punishment" given the scale of the financial loss and the duration of the legal process.

Overall, the video underscores the wild west nature of crypto: fast-paced innovation (Samsung S10), quick failures (Bittrex IEO), growing independence from traditional finance (CBOE futures), and the slow, often unsatisfying, march of justice for past crypto disasters (Mt. Gox). For anyone looking to get involved, the takeaway is to be cautious, do your own research, and understand that some projects are rushed, while others are truly pushing the boundaries of technology.

Transcript

Yo, yo, what's up everyone? Welcome back to Box Mining. And boy, do we have another hilarious episode for you guys. It relates to Bittrex's new initial exchange offering a new token called RAID. And unfortunately, yesterday, just right after I made the video, they had to pull the entire campaign due to one of their partners, the partner of the RAID project, completely pulling plug, disavowing the project altogether. And we're going to look at that giant disaster today. So that's kind of funny. ...

Yo, yo, what's up everyone? Welcome back to Box Mining. And boy, do we have another hilarious episode for you guys. It relates to Bittrex's new initial exchange offering a new token called RAID. And unfortunately, yesterday, just right after I made the video, they had to pull the entire campaign due to one of their partners, the partner of the RAID project, completely pulling plug, disavowing the project altogether. And we're going to look at that giant disaster today. So that's kind of funny. We also have another interesting tidbit. So we got the CBOE coming up saying, you know what, we're not going to we're not going to issue any new Bitcoin futures next month. Finally, we're going to take a look at a user submitted clip of the new Samsung wallet. So we know that the S10, it's got blockchain features, but boy, these blockchain features are pretty deeply integrated. And we're going to see how Samsung really wants to change this whole blockchain space. So all this and more in today's Box Mining Daily. If you guys like more dailies, remember to smash up the likes on this video. And of course, subscribe to this channel as well. So you won't miss out on any of these news updates. Looking at CoinMarketCap, we got really no changes at all recently. Being in a bear market, I think it's a great time to just enjoy the fact that, well, we're mostly calm in the top 10. Seems like crypto.com is taking off, but that's pretty much crypto. Starting off, Bittrex did an oopsie. So yesterday, we're talking about this initial exchange offering. My take on this right now is that initial exchange offerings are really just really accelerated ICOs. And with more hype, less due diligence. Well, what can go wrong, right? Bittrex was so close, 10 hours away from launching the initial exchange offering for the new token called RAID. And at the 11th hour, just right before the launch of that token, they pulled the plug and they basically said, Bittrex International has canceled the initial exchange offering for the RAID token. Specifically, a few hours ago, OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. And it's kind of funny because if you look at it, for the RAID project, their co-founders are actually the CSO, Chief Strategic Officer and the founder of OP.GG. Essentially, they were the same guys and they terminated their partnership with themselves. So I guess that was kind of funny. And also, this whole situation looks super shady. I mean, how do you pull the plug in the last minute and how do you not consult RAID games? Digging a little bit deeper, we got the OP.GG website notice and they said, OP.GG has stopped all potential business relations related to the RAID project and there will be no economic and technical cooperation between RAID coin. In addition, OP.GG has no intention of developing any blockchain related business utilizing RAID games data. Ouch! That is a key sign that someone from Riot called out OP.GG and said, Stop doing this right now or we will break all partnership with you guys and we'll just leave you guys out to the cold. They are like literally frightened. It is just hilarious to watch how fast OP.GG just ran away from this entire situation, even though it was the same team, even though it meant gutting the entire RAID project. Now, personally, I think the idea of a data marketplace, it wouldn't work without game developers in play. And this is a primary example of why overextending blockchain, kind of maybe even rushing a blockchain project just doesn't work at all. Next up, we got a very cool clip of the Samsung Galaxy S10. So, you know, this phone right here, Samsung's main phone, has got very deep blockchain features, notably called the Samsung Blockchain Key Store. And you can tell I can't take any credit for this video because I don't have any of that nice red fingernails. But you can see what is being featured is that the Android wallet can directly interact with Samsung's Blockchain Key Store. And it allows basically for additional security, making this pretty much one of the best blockchain phones out there. And the best part, it reaches like 41 million users. That's insanity. So you can now do basically transact Bitcoin, Ethereum, Litecoin, and also all ERC20 tokens because you can add that on. And you can transfer items, ERC1155 items, and do exchanges. So exchanges via Bancor, Change.ly, or Kyber Network. You can change your cryptos around. So what it is, is that the blockchain feature is stored inside of Knox. Samsung Knox is their kind of defense grade. It's actually been certified by the U.S. Department of Defense security measures. And it's essentially unpenetrable and used for sending secure documents. And now for blockchain. Basically, if someone wants to try to attack this phone and steal your wallet, then they have to get past biometric security, which is your fingerprint here. Then you get the Android security and then Knox security on top of that as well. So they have to break all three layers to get to your private key. Pretty much making this the best blockchain phone out there, especially concerning how nice the screen and the cameras are. All that excitement. And unfortunately for me, I'm left in a cold because Hong Kong region doesn't support the blockchain key store yet. It's not enabled for this phone, which kind of sucks. So I'm just sitting here looking at it and asking, you know, Samsung, if you're listening, if you're watching this video, please, please enable blockchain key store features in Hong Kong. That would be amazing. All right. We got CBOE futures as well. They said, you know what? They're going to put Bitcoin futures market on hold. I mean, they made big news last year when they said they're going to announce CBOE was going to announce their Bitcoin futures. But it just seems to be the case that they weren't trading that much volume and it wasn't really worth their time. There was a cool chart explained by John Todaro, basically looking at the different volumes between CBOE and CME. And the CME group just clearly had a lot more volume. And it's cool to see as well that it didn't affect the prices of Bitcoin, Ethereum or any other crypto at all. Basically, crypto saying, you know what? CBOE, you can do whatever the hell you want. But crypto, we're just going to stay the same. All right. This was also quite funny as well. MTGOX Mark Coppola's found guilty over data manipulation in the Tokyo courts. Yeah, it's about time coming. I mean, there's so many shady things happening to MTGOX. If you guys don't know, MTGOX was one of the biggest exchanges in Bitcoin, trading Bitcoin back in the day. But unfortunately, they filed for bankruptcy, filed for liquidation in April of 2014, essentially taking their customers, including me, with them down in this rabbit hole. And I can just tell you, it's been five years, literally five years just watching through the court cases. And I have crypto in there that I want to claim back. And I got none of that. And someone needs to be guilty of something. Let's just say that there were just so many documents that was eventually uncovered within that five years about how there was trading bot manipulation. There was the fact that this hack happened even before they declared it to the police. They were trying to just cover it up. So in terms of a sentence, it's pretty weak. Two years and six months because of wrongfully manipulating electronic records with really in relation to MTGOX's books. And he's got to maintain four years of clean records to avoid jail time. I mean, that's such a weak punishment. Anyways, and that's it for today's daily update. I hope you guys enjoyed this video. If you guys did, remember to smash up that like button. Of course, comment below if you found this whole initial exchange offering situation with the RAID IO funny. I just kind of felt it was just super rushed. And hopefully we'll see something a little bit better in the future, at least with better due diligence and better partnerships in play. And I'm super pumped for next week. I'm going to go to a checkout game developer conference, GDC next week in San Francisco. Lots of blockchain game projects. Engine's also going to be there. Going to be super exciting. Going to keep you guys all up to date. So if you guys have any gaming questions, shoot them down in the comment section below. Thank you guys so much for watching. See you next time.