Crypto Markets Update
Prices in Crypto have moved very little over the last 2 weeks, with Bitcoin following a mostly sideways trajectory. Seems like the pessimism taking over most financial markets is also affecting us, not letting Crypto prices start a recovery just yet. At the root of this is the lack of signs from the Federal Reserve or the ECB that a more relaxed monetary policy will begin, and that interest rate raises will stop. This is evidenced by the high correlation between the stock market and the Crypto market in recent times. The markets are signaling that without liquidity injections on the part of the central banks, there will be no recovery at all.
Bitcoin Price Action:
S&P March Futures:
Many analysts now fear a big stock market crash, and judging from their most recent behavior, it is doubtful that the Crypto markets would remain unaffected in such a scenario. Nevertheless, prices have already been falling for a full year, and most bullish market participants should have given up hope by now. The bottom cannot be too far.
StakeCube in Numbers
We want to wish all of you in the StakeCube community merry Christmas and happy holidays! We hope you’re spending these bear times with your family and friends, waiting for better times to come.
StakeCube’s numbers have not moved much through this holiday season. SCC price remains stable thanks to some huge buy orders around the 550 Satoshi level, while exchange volume and pool value do show some losses.
- User Count: 153,580 +0.28%
- Pool Value: 537.93 BTC -3.81%
- SCC Price: $0.102 -1.92%
- SCC Market Cap: $1,229,000 -1.44%
- Daily Exchange Volume $10,298 -6.53%
- Daily SCP Transactions: (not available) 15 -6.25%
Top 5 Gainers
Only three listed coins managed to finish this week with positive numbers, evidencing the poor state of the Crypto markets. None of them reached double digit percentage growths.
- SMART +9.4
- DIVI +4.9
- LTC +3.4
StakeCube in 2023
We have big plans for 2023, and we want to share them with you. We are at the moment finalizing the roadmap for StakeCube in 2023, which we will make public on the next newsletter. This roadmap will include release dates for major updates, such as StakeCube V3, SCP, BotCube, etc. Yes, you read that right. Next week you will know the official release date for StakeCube V3, which is now going through the last development stage.
We are also currently discussing internally possible plans for our interest function to address the uncertainty caused by recent events taking place in the Crypto space. Roughly speaking, we intend to allow users to decide whether they want to opt in to the interest program, while providing additional on-chain transparency. We are also redesigning the SCC bonus program to make it more effective in attracting activity to StakeCube. The biggest question is whether to implement such changes into the current version of StakeCube, or wait and add them to StakeCube V3.
Next week we should be ready to give you more information.
Birake Delisting SCC
Due to the low trading volumes for SCC on Birake, they have decided to delist it. This comes as no surprise, as most SCC users are currently using StakeCube’s native exchange to trade SCC. Nevertheless, please make sure that you withdraw your SCC from Birake as soon as possible. This was the official communication:
StakeCube’s CMC Page
Please don’t forget to follow StakeCube’s CMC Community page! This will give us some visibility, and is a good way to stay up to date with the most recent developments for both StakeCube and SCC. You’ll find it here:
Hot and Cold Wallets Explanation
One of our team members recently wrote a text informing of the way deposits and withdrawals work with respect to our Cold/Hot wallet system. You can read it here:
New Verify Crypto Episodes
As we informed a few weeks ago, our team member Derek has started a Crypto podcast called Verify Crypto, where he talks with Crypto personalities and discusses recent Crypto events. Go give it a follow at its official Twitter account!
These are the newest episodes, published over the last 2 weeks:
Episode 4 Featuring StakeCube Esports
Episode 5 Featuring FIO Protocol
Episode 6 featuring PIVX
Episode 7 discussing Bitcoin and the Bear Markets
StakeCube Merch Shop
These are the latest additions to our official Merch Shop:
StakeCube Black Classic Unisex Crewneck Sweatshirt:
Buy it here:
As we previously informed, ULG underwent a 1:1 swap on the 28th of December. Please keep in mind that you will need to generate a new deposit address before depositing any new ULG coins to StakeCube. If you have a deposit address for ULG saved somewhere else you must discontinue using it and update it with the new address after the swap. Any coins sent to an old deposit address will be irrevocably lost.
We have added AEM to CoinExplorer, and the wallet is now fully synced. You may now use CoinExplorer to check out AEM transactions and monitor the blockchain in general:
This was the official announcement:
We have also updated FLS, and fully synced their most recent wallet release. Find it here:
With a new year incoming, we are preparing many new eSports events for the StakeCube community.
We would also like to introduce you to our newest event sponsor: Maria Ecosystem! You might already know them, as a few months ago we listed their native coin: Mariacoin. Check out their official websites:
Wallet Maintenance News
The FLS team has released a new wallet after the most recent merge. You can download it here:
Masternodes will be available again from block 2000 while the masternode collateral has been increased to 1500 coins.
Previous version: 220.127.116.11
New version: 18.104.22.168
This version includes some bug fixes and performance improvements.
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://22.214.171.124/