StakeCube in Numbers
The week was going really well until Thursday, when the European Parliament voted in favor of a law that would limit the usability of private wallets and impose very severe reporting requirements on exchanges. However, the battle isn’t over, as the law can still be modified or overruled. Follow Patrick Hansen on Twitter to learn more about this law and its implications:
The initial market reaction to the new law was very negative. Bitcoin crashed from $48k down to $44k this morning. However now it seems that prices have started recovering. On StakeCube the exchange saw a week of exceptionally high trading volume. Unfortunately, because of the technical issues we are experiencing people have been forced to use Southx to trade and the limited liquidity there has caused a big artificial fall in the quoted SCC price. User count and pool value are unavailable this week, as those data are usually retrieved from the site.
- User Count: – +0.00%
- Pool Value:- +0.00%
- Daily BTC Mined: 0.030 BTC +3.45%
- SCC Price: $0.32 -30.43%
- SCC Market Cap: $3,342,000 -6.98%
- Daily Exchange Volume $156,359 -2.71%
- Alexa Rank 16,934 -322
Excellent week for Flits, following the announcement that the project has been acquired by Decenomy. Many other listed coins had strong growth this week as well, following the general market trend.
These were the top 5 gainers for this week:
Top 5 Gainers
- FLS +76.1%
- DGB +53.3%
- NEBL +48.3%
- STRAX +40.0%
- BLOCK +35.5%
No Access to the Site
Since yesterday we have been experiencing a technical issue limiting access to the site to all users. The datacenter has finally replied to our request, and we have successfully identified the nature of the problem. We are now in the process of iterating through several different solutions to it. It is still difficult to give an estimate of when login will be available again, but there will not be any lasting consequence from these issues other than the downtime we required in order to fix them.
As we communicated before, wallets are running independently in their own servers and are unaffected by any of these problems. Staking coins and masternodes will continue to generate rewards as usual, and we will credit them to the users once the site is working again. We will keep you updated of our progress through the #announcements channel on our official Discord server.
We apologize for the inconvenience.
As part of the plan to add a few small things to StakeCube before the release of V3, this week we listed DASHD(Dash Diamond). DASHD is a masternode coin with a very high ROI. This makes it a good choice for StakeCube, as users are able to sell rewards directly on our exchange without having to withdraw them. Although far from the size of other Decenomy masternode coins like PNY or SAPP, at a market cap of about $60 million, DASHD is still a pretty sizable project.
Withdrawals and Deposits are already available, as well as two trading pairs: DASHD/BTC and DASHD/SCC. We are also going to add NodeCube integration and shared masternodes approximately 2 weeks from now. We decided to wait because DASHD masternodes will experience then a change in collateral, and this would force us to reinstall all masternodes anew. Pooled staking is also active at the moment, so feel free to join us in staking some DASHD!
DASHD Masternode Stats:
- Collateral: 7,000
- Collateral Value: $4,217
- Yearly ROI: 263.64%
- Monthly reward value: $913.26
- Reward frequency: 5 days and 16 hours
Please keep in mind that these figures fluctuate with coin prices and with the number of masternodes currently maintaining the network.
Preparations are ongoing for the move from Battlefy to Community Gaming as a host for our eSports tournaments.
Community Gaming seems like a better partner to work with, one of the biggest benefits being that they support cryptocurrencies directly on the platform. Check them out here:
We will host a very small Axie Infinity tournament within a week to see how things work out during a real tournament. With this we also created some educational material for the whole eSport staff to take part in. These materials will help us organize bigger tournaments in the future.
This week we reached 20,000 Dash in our pool; enough for 20 full masternodes! When you think of how long it took to fill the first masternode this is a good example of how far we have come.
CTSC and KYDC Staking Disabled
We have temporarily disabled staking for CTSC and KYDC due to some technical problems derived from the excessive number of stakes they generate. We will activate it again as soon as possible.
Stakenet XSN Delisting
As we said a few weeks ago, Stakenet is planning a swap to Hydranet, on the Arbitrum network. Since we were not informed of this, we could not prepare and decided to delist Stakenet. We planned to delist it today, but because of the issues with our site we will give users an additional week to withdraw coins from their wallets. Please withdraw all of your XSN from StakeCube before the 8th of April. Check out the official Stakenet Discord server for more details regarding the swap:
Mining revenue continued to grow this week thanks to rising cryptocurrency prices, as difficulty remained almost at the same level it was last week. Hashpower seems to have decreased slightly as well, which could mean difficulty will not increase further once the adjustment comes.
These are some statistics relevant to the mining of Bitcoin:
- Hashpower: 201.97m TH/s -2.12%
- Difficulty: 27.45t -0.04%
- Bitcoin Price: $46,312 +5.14%
And these are the current number of miners for each coin (including damaged):
- BTC: 356
- Dash: 110
- ETH: 19
- LTC: 11
V3 Frontend Sneak Peek
Today we decided to show you some of the progress our internal team has made developing the new StakeCube V3 Frontend. Please keep in mind that this is still work in progress. There might be some typos and some things might still change before release. The clip shows the Deposit and Withdrawal functions displaying all the different options. Enjoy!
SCC.js Developer Library
We’ve released a major update to our SCC.js web3 library which integrates full Secp256k1 signatures; with signing and verifying for SCC / SCP addresses.
The update also brings dependency removals, security and performance improvements, as well as a bunch of new documentation to allow developers to use this library in their very own DApps!
If you’re a developer interested in building low-level SCC / SCP applications, without any need for a full-node, no RPCs, and no messing with cryptography, check it out below!
Also available as an NPM distribution:
These are the three requested features that caught our attention this week:
- Trading competitions
- Bug Bounty program
- Rank system for listed assets, both based on cmc/coingecko and internal based on user experience
We are definitely going to organize some bug bounties in the future. As for the others, we will inform you soon when we udpate on the status of all the requested features we have been collecting.
We updated the following wallets:
Previous version: 220.127.116.11
New version: 18.104.22.168
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 Discord.
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: