dfinity

According to information forwarded by ZachXBT and released by the on-chain analysis firm AMLBot, one of the addresses mistakenly frozen by Circle in a civil case, 0xb25ea1d493b49a1ded42ac5b1208cc618f9a9b80, is related to the DFINITY ecosystem.The accompanying operational guidelines indicate that this address is involved in the cross-chain exchange process between ETH and ckETH. After users deposit ETH, the ICP side contract mints ckETH and, when needed, exchanges ckETH back to ETH on Ethereum, which is typical of operational/bridging service wallets. Last night, it was reported that ZachXBT expressed doubts about Circle freezing 16 business hot wallets of USDC.

The DFINITY Foundation stated on platform X, "The economic model of the Internet Computer is changing: the old model rewarded node providers simply for running nodes. The new model allocates 80% of cloud engine revenue to nodes that provide computational support, with 20% used to burn ICP.Currently, the Node Provider Association has begun preparations to promote cloud engine services to businesses across Europe."

ChainCatcher news, a federal judge in California dismissed a class action lawsuit against the Dfinity Foundation, the developer of ICP. U.S. District Judge James Donato granted Dfinity's motion to dismiss, ruling that the case was "time-barred" due to exceeding the three-year statute of limitations under the Securities Exchange Act.The court supported Dfinity's argument that it first offered ICP tokens to the public in February 2017, thus the investor lawsuit from August 2021 was beyond the statutory timeframe.The plaintiffs, represented at the time by Freedman Normand Friedland LLP (formerly Roche Freedman), did not respond to the defendants' arguments. Therefore, Judge Donato wrote that dismissing these claims due to the statute of limitations was "obvious."

ChainCatcher news, according to ICP founder Dominic Williams, a North Korean hacker group recently successfully stole $1.5 billion from Bybit, primarily by exploiting a vulnerability in the web interface of Safe { Wallet }, which is hosted in the cloud rather than on a smart contract.Williams criticized some Web3 projects for operating only on "fake onchain," leading to security risks, and suggested using ICP (Internet Computer) for on-chain computation, data storage, and user experience validation to enhance security. He proposed migrating Safe { Wallet } to ICP and adopting cryptographic authentication mechanisms and multi-party consensus governance (such as SNS DAO) to strengthen security.

ChainCatcher message, the DFINITY community has released a proposal to "automatically upgrade newly created SNSs to the SNS target version."The proposal includes the governance team's suggestion to change the default value of NervousSystemParameters.automatically_advance_target_version from false to true, so that newly created SNSs can automatically upgrade to the SNS target version.

ChainCatcher news, according to financefeeds, the United Nations Development Programme (UNDP) is collaborating with the DFINITY Foundation to enhance the Universal Trusted Credentials (UTC) program using Internet Computer blockchain technology. This collaboration aims to improve digital trust and financial inclusion for micro, small, and medium enterprises (MSMEs) globally.It is reported that the UTC framework was jointly launched by the Monetary Authority of Singapore (MAS) and other strategic partners, aiming to enhance the opportunities for MSMEs to access financing domestically and across borders by fostering trust in digital data. By promoting the adoption of blockchain-based solutions, the UTC program aims to create a sustainable financial ecosystem that empowers MSMEs.The DFINITY Foundation will leverage its expertise in decentralized computing and digital identity solutions to develop and test prototypes for the UTC pilot program in Cambodia. The Internet Identity (II) solution of the Internet Computer blockchain will ensure the secure storage and management of digital credentials, thereby enhancing the credibility of the UTC system.

According to ChainCatcher news reported by Cointelegraph, the Dfinity Foundation has launched a new platform based on the Internet Computer Protocol (ICP) aimed at replacing traditional cybersecurity measures. The platform, named Utopia, is designed as a private serverless cloud infrastructure specifically for government entities and corporate organizations. Utopia will enable artificial intelligence (AI) to operate securely, allow for local management of digital assets, and "enable governments to gain sovereignty." Utopia aims to address the increasing cyber threats by creating "massive enterprise computing" that can prevent "unauthorized access, functional changes, data breaches, and ransomware installations."

ChainCatcher news, DFINITY announced on social media that it has launched wallet-less Verified Credentials.It is reported that this is a tamper-proof digital identity solution that enables personal data sharing while maintaining privacy and control. Verified Credentials are now available on ICP.

ChainCatcher news, according to The Block, the Dfinity Foundation is launching a new API that allows the Internet Computer to read and write smart contracts on any EVM.It is reported that Internet Computer smart contracts have already collaborated with Bitcoin and Ethereum on projects such as Bioniq, Bitfinity, and Omnity.

ChainCatcher news, according to The Block, Dfinity Foundation's founder Dominic Williams recently made sharp comments on the current state of the cryptocurrency and blockchain industry. Williams stated that currently 95% of blockchain projects are "garbage," and pointed out that the industry seems to focus more on narratives rather than substance. He believes that the current challenge in the industry is that people invest in so-called "silver bullets," choosing to invest due to marketing and becoming mired in chaotic narratives.Williams further explained that although blockchains like Bitcoin, Ethereum, Solana, and Avalanche perform well in handling transactions, he is skeptical about these platforms building a brand new, decentralized internet. He believes that only the Internet Computer Protocol (ICP) is the true "third-generation" blockchain that can effectively address scalability issues and support the construction of fully on-chain network interactions, such as on-chain social networks.

According to ChainCatcher news, in an official announcement on social media, DFINITY stated that ICP smart contracts will be able to directly engrave Runes on Bitcoin, inscribe Ordinals, send and receive BRC-20 tokens, and sign Taproot transactions.

ChainCatcher news, the Dfinity Foundation, a major contributor to the Internet Computer blockchain, will invest $15 million in the Olympus accelerator platform. It is reported that by the end of this year, Olympus will transform into a decentralized autonomous organization (DAO). This funding will be used to support the development and maintenance of the Olympus platform and to fund the first few batches of accelerators.

ChainCatcher news, according to the official announcement, the DFINITY Foundation has announced the release of the alpha version of DocuTrack. DocuTrack is an open-source alternative to traditional enterprise IT stacks and can be used as part of traditional document sharing platforms.

ChainCatcher message, Dfinity ICP developer accounts disclosed on social media that there is a serious security issue with the JS proxy library. If you are using the JavaScript proxy package to build DApps on ICP, make sure to update to the latest version.

ChainCatcher message, the DFINITY ecosystem DeFi project ICPSwap will launch an ICS token airdrop for ICPSwap NFT holders, token traders, NFT traders, and liquidity providers. In addition, several project teams supporting ICPSwap (such as OpenChat, IC Ghost, etc.) will also be eligible for the airdrop, with a total of dozens of IC project teams.Currently, the snapshots for Swap, NFT trading, and LP have been completed. The specific rules and the list of eligible addresses and project teams for the airdrop will be updated soon, and the amount of the NFT airdrop has been determined. To prevent inaccuracies in the snapshot data and considering the current lack of practical value of ICPSwap NFTs, the official has suspended the trading of ICPSwap NFTs. Holders can keep them as souvenirs and store the mnemonic phrases associated with their holding addresses for future ICS airdrop claims.

ChainCatcher news, according to CoinDesk, the DFINITY Foundation is developing a global standard technology to incentivize recycling activities and is collaborating with management consulting firm Roland Berger.Inspired by the carbon credit market, Roland Berger launched the Voluntary Recycling Credit (VRC) standard this June.The company stated in a press release that the VRC initiative aims to address the global issues in the waste management sector that contribute to climate change, adding that the global recycling rate of plastic waste is less than 10% out of the 2 billion tons of municipal solid waste generated each year.DFINITY will build a product on the Internet Computer for the purchase, sale, and trading of recycling credits, allowing recyclers, waste producers, and others to track these credits.

ChainCatcher news, the DFINITY Foundation has launched the ICP Asia Alliance and a $20 million grant fund to support the development of blockchain and artificial intelligence in the Asia region. The ICP Asia Alliance will bring together government organizations, investors, tech entrepreneurs, universities, developers, and community members, aiming to establish a collaborative, educational, and innovative platform to promote the adoption of IC.