General News
Crypto Markets Update
We won’t go too much into the Crypto markets update this week, as there is still a lot of work to do on stabilizing the situation for StakeCube. Suffice it to say that after last week’s pump, Bitcoin price now seems to be stuck around the $23,000 level. Over the last few days there have been a few unsuccessful attempts to break out from here that were all rejected. Long positions have been accumulating while shorts were obliterated several times recently. This makes it likely that prices correct a bit from here.
StakeCube in Numbers
Seems like numbers are finally stabilizing, except for SCC price which still took another hit down to around 2 cents per coin.
- User Count: 154,400 +0.09%
- Pool Value: 36.12 BTC +1.45%
- SCC Price: $0.020 -39.02%
- SCC Market Cap: $238,242 -39.93%
- Daily Exchange Volume $12,893 –
- Daily SCP Transactions: 16 -11.11%
Top 5 Gainers
Although Bitcoin and most big market cap coins have remained stable, lots of other alts had huge growth this week. This is very common right after a quick pump like the one we had last week. Bitcoin usually leads the trend, with altcoins following later.
- AXS +27.6%
- SYS +25.8%
- SMART +21.4%
- STRAX +18.8%
- DGB +15.8%
Situation Update
This week we continued to do lots of work to restore services and to stabilize the situation so that we can move on from here. This is a summary of the most important actions we took this week:
- Restarted NodeCube payments. We are also happy to see that many of you have decided to keep your nodes running, with some of you even installing additional ones. This will be a useful revenue stream for StakeCube.
- All credits that were in “held” have been released now.
- LATS listing. This was an agreement that Oleg had with the LATS team which we are simply fulfilling. However we have seen many LATS deposits and in general it looks like it will bring some activity.
- Released 5.42836408 BTC back to our users. This was part of the funds still remaining on our wallets, which might be needed to pay for masternodes, etc. They can of course be withdrawn as well.
- Started the process to replace all wallet.dat files. All wallets need to be moved to new ones that the new team will control. This will cause deposits addresses to change, so be careful when making deposits. In the future we will design a system for the wallets so that no single person can control them without knowledge from others, but we don’t have anything concrete yet.
- Optimized server usage. As mentioned last week, it is imperative that we reduce server costs in order to keep running StakeCube. Our tech team has been busy at work identifying redundant server usages so that they may be eliminated.
Next Steps
In order to increase our revenue, we are currently looking at listing new coins, to increase the coin selection available in NodeCube. In the meantime, we will add a few more listed coins to NodeCube. Over the next week, we will add FIRO LATS and SMART to NodeCube. Both Hot Node and Cold Node options will be available.
We are also working on BotCube to be able to offer coin listings. If you are a project lead and are interested in getting your coin listed, feel free to contact us using our official support email: support@stakecube.zohodesk.com
We are also working on two important things that will be needed in order to continue:
- A recovery plan. Once we have a healthy revenue we will be able to start returning coins to the users. However, we are still planning how best to do this, and we’ll probably consult with the community before taking further steps.
- A full balance report for all wallets. At this point, we cannot continue running StakeCube without offering this kind of transparency. We are preparing a report so that users can see exactly how many coins are in the wallets and compare those amounts to the database values we already offer. We expect this will be done by Sunday.
Downtime on the 23th
During our work with the databases, several processes caused an unanticipated overload. This cut the communication of the site with the database for a few hours. The website is now back to normal.
SCRIV Listing
We were going ahead with the listing of SCRIV, but we have been asked by their team to put the listing on hold. Once we know more, we will let you know.
Earn
We have re-enabled the Earn system, with the first rewards being paid out on Friday the 27th. There are two main differences with respect to how it was before. The first is, we added a 5% fee on all rewards, which will go to StakeCube so that we may pay operating costs and return funds to users. The other is, users that haven’t logged in during the last year will be flagged as inactive and will no longer be eligible for Earn rewards. Their rewards will instead go to StakeCube, which again will use them to pay for operating costs and to finance our refund efforts.
DASHD Collateral Change
DASHD Collateral increased to 30,000 DASHD. Hot Node users will need to destroy the old nodes and redeploy them with the higher collateral.
Friendly Collaborations
A few sites have offered to help us recover from the situation we are in at the moment. Two of them in particular made significant contributions: Coinminer and Faucetgamers.
Coinminerz added a donation feature on their mining pool, so that users can choose to donate a % of their mining rewards which will go directly to our donation addresses. This applies for all coins that StakeCube and Coinminerz have in common. Go check out their mining pool:
Faucetgamers reached out to us and offered StakeCube a higher referral percentage for promoting his site. You can now help us by joining Faucetgamers with our referral link:
https://faucetgamers.com/?mref=1463
Earn and referral counter:
https://faucetgamers.com/stakecube
CoinExplorer
Projects are now welcome to join CoinExplorer’s Discord server and discuss a listing with us there. Go check it out!
For those out of the loop, CoinExplorer is a multi-coin blockchain explorer that StakeCube acquired last year. With it, projects will have accessible a blockchain explorer to offer their users with all sorts of transaction details and an engaged tech team maintaining it. Learn more by visiting our site:
Wallet Maintenance News
STRAX
Previous version: 1.5.0.0
New version: 1.5.1.0
Mandatory update to fix some issues. These may have been affecting withdrawals from StakeCube but seem to be mostly resolved with this update.
777
Previous version: 3.2.1.1
New version: 3.2.2.0
Mandatory update. Masternode fixes and improvements.
DASHD
Previous version: 2.1.1.0
New version: 2.1.2.0
Mandatory update. Masternode fixes and improvements.
FLS
Previous version: 3.0.1.1
New version: 3.0.2.0
Mandatory update. Masternode fixes and improvements.
PNY
Previous version: 4.1.0.0
New version: 4.1.1.0
Mandatory update. Masternode fixes and improvements.
SAPP
Previous version: 1.5.0.0
New version: 1.5.1.0
Mandatory update. Masternode fixes and improvements.
Security Notice
Please read the following information regarding the security of your account and funds:
The StakeCube.net team will:
- Never contact you first
- Never ask you to send them or move coins to some other address
- Never ask you for remote access or to install any third party software
- Never ask you for your password or 2FA codes
- Never provide support using direct messages
If you observe any of these listed behaviors, someone is trying to steal money from you. This applies to all of our social media channels. Our team will post official messages in the appropriate channels, and we only offer support through our ticket system on our support email:
support@stakecube.zohodesk.com
Please, also take into account the following measures to keep your account secure:
- Enable 2FA in the account settings
- Enable IP verification in the account settings
- Use a strong password
- Change the password regularly
- Never share your password with others
- Never allow remote access to your devices
- If you require assistance, use only the official channels
- Download software only from verified sources
SCP Wallet is now signed with JSKitty’s public PGP key. This allows users to verify that the wallet has been cryptographically signed and approved by him. Even if our GitHub is compromised, the downloads are still safe as long as the PGP verification confirms that the files have not been tampered with. If you download SCP, please verify the binary against our developer’s public key:
Social Media and Other Important Links:
- Discord: https://discord.gg/RTJKjdwEsY
- Telegram: https://t.me/Stakecube
- Facebook Group: https://www.facebook.com/groups/964396784312480
- Facebook Fan Page: https://www.facebook.com/StakeCubeEcosystem
- Twitter: https://mobile.twitter.com/stakecube
- Instagram: https://www.instagram.com/stakecube/
- SCPScan: https://scpscan.net/
- SCC Explorer: http://79.143.186.234/