Crypto Markets Update
Bitcoin continued its decline this week, mostly after today’s keynote by Jerome Powell, the Federal Reserve Chair. As it seems, he expressed that the Federal Reserve will continue to fight inflation even though this will likely cause pain to households and businesses. Markets had anticipated a comeback of the money printer, and these remarks have crushed those hopes. The expectation now is that central banks will continue to remove liquidity from the markets, especially affecting risk-assets. However, this week we also saw some problems coming from Europe, with Italian government bonds rapidly increasing their rates.
This increase reflects a lack of confidence in the solvency of the Italian government. The higher these interest rates go, the higher the cost to pay back the already huge public debt some countries have accumulated. It is events like this that will force central banks to continue or even expand their purchasing programs. They are not likely to allow their governments to default on their debt, and because of that, it is doubtful that they will remain hawkish very long.
For the moment, it is the macro situation that seems to have the greatest influence on the Crypto markets. Bitcoin has been moving lately only as a response to inflation or unemployment data, with most other cryptocurrencies following. As we continue to face economic trouble in most places, the Crypto markets continue their sideways/bearish mood. This pessimism is also reflected by the Fear & Greed Index, that is slowly approaching “extreme fear” territory again.
StakeCube in Numbers
The negative market situation also had an influence on our most market-sensitive indicators. However, exchange volume grew quite a bit, thanks to renewed activity on the TUP trading pairs following their swap to the ETH blockchain.
- User Count: 147,152 +0.20%
- Pool Value: 664.98 BTC -2.65%
- SCC Price: $0.239 -7.36%
- SCC Market Cap: $2,579,000 -10.36%
- Daily Exchange Volume $41,521 +39.06%
- Daily SCP Transactions: 20 -20.00%
Top 5 Gainers
Most of the listed coins were in the red again, with only 4 survivors this time. NEBL in particular had an impressive growth of almost 50%.
- NEBL +48.1
- KMD +18.6
- BLOCK +3.9%
- RDD +2.1%
At the request of the TUP team we have finished the swap from the native to the ETH based chain. All masternodes were automatically terminated. Please keep in mind that your deposit address has changed as a consequence of the swap. See here for the official announcement and please contact the TUP team directly for questions:
Dash Shared Masternodes
This week we filled the 22nd Dash shared masternode, with the 23rd already open and collecting. In this case, it was thanks to Alex, from Krypto Magazin, who deposited almost enough coins for a full collateral. He announced it on his Youtube channel, and talked a bit about StakeCube in general. You can watch the video here:
More bad news coming from MeaTec. This week they announced that they are raising the power cost for GPU miners from 8.8 cents to 9.8. This was the official announcement:
SCP NFTs Guide
Following the great success of Derek’s latest NFT collection “Stake or Die” we got some questions asking how to create and sell NFTs on our marketplace. If you’re also interested, you can just use this guide that Derek wrote some time ago:
Also, stay alert this weekend, as he has announced that he will be airdropping more NFTs from a new collection he has been working on.
Our eSports community continues to grow, this week surpassing 1500 members on Discord! To celebrate this milestone, we are preparing an SCC giveaway. Keep your eyes open and regularly check our social media so that you don’t miss it!
- Discord: https://bit.ly/SCEDiscord
- Twitter: https://twitter.com/SC_eSports_
- Facebook: https://www.facebook.com/StakeCubeeSports
- Instagram: https://instagram.com/stakecube_esports
Next week we will arrange our second 500$ tournament in Thetan Arena. The game has become the most important in our community, helping us attract a lot of new people. The feature we added to our Discord to show personal game stats also was a great success.
A big thanks to our sponsors for the event next week.
Community Gaming: https://twitter.com/communitygaming
If you want to join the event just hit us up on our official Discord channel!
Wallets in Maintenance
This is the status of all the wallets currently in maintenance:
- BLTG – Forking problems.
- DAPS – Wallet won’t sync.
- LUX – Wallet won’t sync.
- XLR – Swap.
The only change with respect to last week is that the LUX wallet is not syncing anymore. We have not found a way to bring this wallet back online.
StakeCube V3 Front-End
Last Saturday we held an internal team discussion regarding our front-end, examining the different pages and looking for possible changes and improvements. The call ended up lasting more than 4 hours, with lots of interesting feedback to make StakeCube V3 even better than it looks in the screenshots. Nevertheless, we also want to hear you out. User suggestions can be a very important source of inspiration, and that’s why we want the community to give their opinion as well.
Please, check all the available screenshots from the #V3-alpha Discord channel, and fill out this form if you have some spare time:
Alternatively, feel free to reach out to us on Discord to give us feedback.
Wallet Maintenance News
We updated the following wallets:
Previous version: 188.8.131.52
New version: 184.108.40.206
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:
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://220.127.116.11/