Week in Internet Computer (#ICP) News, Mar 16 , 2024

Important announcements

• DFINITY published "The Blockchain for Sustainable Use Cases Report", which is coauthored by @InactaVentures.

• Red Pill, Blue Pill — The Hidden History Of The Internet Computer, And Why It Will Win by Dominic Williams.

Governance Proposals

• Proposal 128303, propose to allow the DFINITY observability stack to scrape internal metrics from the metrics proxy.

• Proposal 127771, Proposal to upgrade the ckBTC minter canister.

• Proposal 128318, Register a node provider 'Paul Creasey'.

IC Protocol Updates and Forum Digest

• Two upcoming firewall rule changes on the IC

  • Proposal 1 to delete an obsolete firewall rule from the IC.

  • Proposal 2 to ad monitoring access to metrics proxy from DFINITY datacenters to assess the health of the metrics proxy service.

• Minting limits - detailed design

  • DFINITY team proposed to setup minting limits for SNS. The 7-day minting limit as below.

    

SNS Launch Updates

• Upcoming ICLighthouse DAO(ICDex) Launch SNS

  •  SNS launch closed successfully with 440'704.20 ICP committed in total.

• Upcoming OpenFPL SNS decentralisation sale

  • SNS launch will be kicked off on 18th Mar.

Applications & Builders

• Total Staked ICP: 243’813’756

• ckBTC: 192.5845

• ckETH:  323.1348

• New members in Ecosystem: Big welcome!

  • Galactic Bridge, a protocol that enables users to connect multiple blockchain tokens to an internet computer, primarily focusing on Solana native token and SPL tokens.

  • IC-SIWE, a project to enable Ethereum wallet-based authentication for applications on ICP.

  • IC-Data-Platform, a platform for all kinds of data sharing in the Web2 world.

  • Swimming Pool protocol, an onchain permission-less stablecoin protocol.

  • Borrow and Lend ckBTC for Ordinals as Collateral.

  • ICAP, a platform for users to query and analyze data from various sources in the ICP ecosystem.

• Ecosystem Projects Highlights:

  • Ghost:

    • Proposed to adjust Liquidity Position ID 798 for $GHOST SNS DAO..

  • KINIC:

    • Announced IC developers can deploy a HNSW vector DB entirely on the IC with #KINIC.

  • Dragginz:

    • Proposed to update reject cost to 50_000 SNS-1 and min neuron_stake to 1_000 SNS-1.

  • Catalyze:

    • Tipping feature is launched.

  • OpenChat:

    • Proposed to explore options for an off-chain Telegram "OpenChat bridge".

Community Updates

• ICP.Hub UK joined panel discussiong the future of blockchain at Oxford Blockchain Society.

• ICP.Hub Southern Africa will have 2-day live hackathon at the St. Eugene University campus in Zambia on 8th - 19th Mar.

• ICP.Hub Hong Kong appied the title sponsor for "Web3Festival" in Hong Kong.

• ICP.Hub Germany joined P3 - Pitch, Partner & Party to pitch future of Web3.

• ICP.Hub Singapore joined meetup event hosted by The BrotherHood DAO.

• ICP.Hub UAE joined panel discussion hosted by CoinW.

• ICP.Hub Indonesia hosted "Blocktalk: Blockchain Impact in Indonesia".

• ICP Hub Canada & US has partnered with LearnWeb3 to bring Decentralized Intelligence Season 2.

• ICP.Hub USA hosted ICP community meetup hosted by the University of Colorado.

• ICP.Hub India hosted event "innovative dive into blockchain technology at Silicon Institute of Technology".

• ICP.Hub Mexico partnered with Zona Tres Labs to kick off incubation program.

• JKUAT's School of Mathematics and Physical Sciences is partnering with Kushite ICP Hub East Africa to unite over ten Kenyan universities.

• Blockchain Academy collaborates with Internet Computer, ICP.Hub Hong Kong to host ICP HackWave 2024.

• Valor, a leading ETP issuer, has partnered with ICP to launch a physical-backed ETP for their native ICP cryptocurrency token per ICP.Hub Korea.

Coming Events

• Mar 18 - 20, Digital Asset Summit 2024, London

• Mar 26 - 27, WOW Summit, Hong Kong

• Mar 27 - 28, Buidl Asia 2024, Seoul, South Korea

• Mar 29-30, ETH Conference in Romania

• Mar 29 - 31, ETH Seoul, Seoul, South Korea

General Regulations

• HKMA Launches Sandbox System for Stablecoin Issuers.

• Wyoming passes law to give DAOs a nonprofit legal framework.

• Indian crypto investment platform Mudrex plans to offer U.S. Bitcoin ETFs to Indian investors.

• The London Stock Exchange has announced its intention to accept applications for bitcoin and ether-backed ETNs in Q2, 2024.

• Powell stated that central banks are not recommending or adopting a digital currency.

Industry News

• OrdiZK, a Bitcoin bridge, suffered a $1.4M rug pull.

• The SEC has postponed its decision on BlackRock's proposal for a spot Ethereum ETF, instead focusing on seeking public feedback.

• BlackRock filed with the SEC to purchase BTC ETFs.

• Coindesk reports that the Ethereum Dencun Upgrade could potentially result in nearly-zero fees for L2 chains.

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