This Week on StakeCube, 2nd of December 2022

General News

Crypto Markets Update

This week brought a bit of an uptick in prices, bringing the Bitcoin price up from around $16,500 last Friday to $17,000 today. Though nothing impressive, this trend reversal after a few weeks of sideways action could herald new price rises in the near future. The fact that the FTX debacle only caused a 20% price correction has to be a sign of bear exhaustion in the Crypto markets. It is odd that prices did not sink deeper, and that has to mean that most sellers have already abandoned the market. Of course this does not imply that the bull market has returned, but we could at least see prices remain stable now, or even initiate a small recovery that gets us closer to the $20,000 level again. That is, unless another black swan event takes us to new depths.

It should be noted that Ethereum and some DeFi tokens seem to be doing quite well, outperforming Bitcoin through these difficult times in many cases. It seems like some people are looking to DeFi as the future for Crypto, following the collapse of quite a few big CeFi platforms that either were running too high risks or directly scamming their users. But also, the recent news that banks such as JPMorgan have started doing DeFi operations using services such as Aave through Polygon could explain this renewed optimism in DeFi. Could this forecast a new DeFi season next year? Hard to say, but what is clear is that not even these tokens are immune to the current market sentiment, since cryptocurrencies remain extremely correlated to each other:

Crypto correlation matrix:

Correlation matrices are useful, as highly uncorrelated assets contribute to reduce the volatility of a portfolio. If you want to study this information on your own, you can check out that table on, as well as add any assets to it that you might find interesting:

StakeCube in Numbers

A couple more whales decided to cash out their SCC, causing prices to fall slightly with respect to last week. Meanwhile Pool Value increased slightly, possibly helped by the addition of ETH staking and USDT interest earning to StakeCube.

  • User Count: 152,671 +0.15%
  • Pool Value: 603.86 BTC +0.32%
  • SCC Price: $0.132 -3.65%
  • SCC Market Cap: $1,574,000 -2.96%
  • Daily Exchange Volume $11,927 -50.84%
  • Daily SCP Transactions: 18 -28.00%
Top 5 Gainers

No spectacular performances this week on the top 5, but quite a few projects with solid 2-figure weekly growth.

  1. DASH +12.9
  2. DIVI +12.9
  3. BIR +11.9%
  4. PIVX +11.8%
  5. DOGE +10.7%
Decenomy Coin Merges

This December, there will be two major coin merges taking place for Decenomy coins. The first one is the 777 and PWRB merge, which will happen next Tuesday. Then, on the 13th of December, FLS, TRTT and PEPS will also merge into FLS. These merges will be supported by StakeCube, as the coins resulting from them are already listed with us. You will find more information on the official announcements published by the Decenomy team:

ULG Swap

ULG will perform a a 1:1 ratio blockchain swap this month, with the swap window starting the 1st of December. StakeCube will be supporting it. If you don’t want to swap your ULG coins, please withdraw them before the swap deadline. Otherwise, just leave them on StakeCube and they will be automatically swapped. For more information, please consult with the ULG team.

Implementation of Announced Changes

As mentioned in a previous newsletter, the following changes have gone into effect as of the 1st of December:

  • Withdrawal fees have been introduced, with the exception of internal transfers between users, which remain free. You can see the fee structure here:
  • Credits must now be purchased with BTC instead of SCC
  • NodeCube contracts have been discontinued. It will not be possible to renew them or create new ones from now on. Existing ones will run until their natural expiration date.

For more information, you can consult the announcement we published on this newsletter:

ETH Staking

The last week we saw a big increase in the amount of ETH deposited to stake using our newest ETH staking service. We have now around 106 ETH generating rewards for our users, which is close to 3/4 of the total amount of ETH we have on StakeCube. Our users are paying attention!

If you want to stake your ETH as well, you will find the new service by selecting ETH on the wallets page:

And clicking on the ETH staking tab at the top.

Interest Rewards Discord Channel

Did you know that StakeCube makes public the daily interest payments credited to our users? You will find this information on our official Discord server:

Just navigate to the #interest channel, and see them for yourself. This week we received the first USDT interest earnings, although the amounts remain quite modest.

Exchange Maintenance

On Monday the 5th of december 2022, StakeCube exchange will be closed for a scheduled server maintenance. The process could take up to 3 hours, starting at 02:30 CET. Trading will not be possible during the downtime.

During the maintenance period you may also notice some wallets show “no connection” status. Please do not deposit any coins to the wallets until they have the status “online” again.

StakeCube Merch Shop

This week we added 2 new hoodie models, and 2 travel cup models to our official merch shop. Check them out!

StakeCube Protocol (SCP) Black Classic Unisex Zip Hoodie.

Buy it here:

StakeCube Esports Black Classic Unisex Zip Hoodie.

Buy it here:

StakeCube White 15oz Stainless Steel Travel Mug.

Buy it here:

StakeCube Protocol White 15oz Stainless Steel Travel Mug.

Buy it here:

Wallet Maintenance News

Wallet Updates

This week we updated the following wallets:

Previous version:
New version:
Major release. Most changes are in preparation for the 15th May 2023 network upgrade.

Security Notice

Please read the following information regarding the security of your account and funds:

The 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: