This Week on StakeCube, 3rd of February 2023

General News

Crypto Markets Update

Bitcoin price has continued its attempts to break out of the $23,000 area, but so far unsuccessfully. It seems like there is a very hard to beat resistance at $24,000 and it will take some time to go above this level. However, that also implies that if the price does break out, it will be a very significant price increase. Nevertheless, it is also possible that so many rejections finally exhaust bulls, causing a price correction down to around the $20,000 support. Difficult to say at this point, all we can do is wait for it to finally decide if up or down over the coming days.

StakeCube in Numbers

Pretty bad numbers for StakeCube this week, as SCC continued to lose some value while exchange volume cooled down significantly.

  • User Count: 154,580 +0.12%
  • Pool Value: 35.38 BTC -2.05%
  • SCC Price: $0.015 -25.00%
  • SCC Market Cap: $182,128 -23.55%
  • Daily Exchange Volume $6,900 -46.48%
  • Daily SCP Transactions: 18 +12.5%
Status Report

Work continues to try to get StakeCube back and running as soon as possible so that we can begin to refund missing funds to our users. Here’s a summary of what we’ve done this week:

  • Moving coins to new wallets, for security reasons. This process is not yet finished, as it requires some time and coordination between developers and the tech team.
  • Preparing new additions to NodeCube, so that we can expand it as a revenue source.
  • Research into how and where to register a new company, under the name of the new administration.
  • Research into possible new revenue sources.
  • Wallet usage optimization, so as to be able to cancel as many servers as possible to lower expenses.
  • Rescanning all wallets to find additional missing coins.

And here’s what we will be working on over the next few days and weeks:

  • Reactivate the ETH staking service.
  • More coin listings.
  • Adding more coin options to NodeCube.
  • Continue the work to move all coins to new wallets.
  • Maintain and speed up chain indexing for CoinExplorer, with more servers after optimizing our server usage.
  • Preparation to release more funds from affected coins during next week.

As you can see, still a lot to be done, but we will get there step by step.

Fund Release

Over the next week, we will make available for withdrawal more funds from affected coins. These are the amounts and dates when these funds will be released:

  • Monday 6th: 550,000 DOGE. 3.93% of held balances.
  • Wednesday 8th: 1,250 LTC. 19.92% of held balances.
  • Friday 10th: 10,000 DASH. 45.08% of held balances.
  • Monday 13th: 4.5 BTC. 1.78% of held balances.
Balances in Wallets Statement

We have now made public a complete status report of the coins in our wallets. In it, you will find the addresses of all wallets for which we have already transferred the funds. As we continue to move funds to new wallets, we will continue updating those addresses. You can read more about it here:

Brave Rewards

We have signed up to Brave Rewards in order to get verified. This will allow us to claim BAT from any Brave users that want to donate to us.

BUSD Listing

We have listed a new stablecoin on the platform: BUSD. Coming with this new listing, we have also added a few trading pairs against BUSD. These are BTC, ETH , DOGE, LTC, DASH, BNB, SCC, MMO, TUP and ONION. Find them here:

Navigate to “stablecoins” and then “BUSD”.

New Listings, SFD and KYAN

Additionally to BUSD, we have listed two new coins this week: SFD and KYAN.

PIRATE Added to NodeCube

We have now added PIRATE to NodeCube. Both Hot and Cold Nodes will be available for it. You can find it here:

These are some PIRATE masternode statistics:

  • Collateral Amount: 10,000 PIRATE
  • Collateral Value: $87
  • Yearly ROI: 53.66%
  • Monthly Earnings: $3.81
MineCube Disabled

This week we decided to disable MineCube, and will close down the API, as users will not be receiving rewards any time soon. We have been in contact with MeaTec to find a way forward for MineCube from our current situation. However, we have been informed that StakeCube has a standing debt of at least $300,000 with MeaTec due to repair, logistics and daily maintenance fees.

Wallet Maintenance News

Wallet Updates

No wallets were updated this week, but two new ones were installed:

Wallet version:

Wallet version:

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: