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Blockchain

DATS Project joins peaq to build a community-powered cybersecurity network

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peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as DATS Project joins to decentralize the cybersecurity industry. DATS Project is building a DePIN of more than 1,000 computers pooling together their resources, including computational power and bandwidth, to create a decentralized cybersecurity engine. As its participants earn rewards for providing their resources, DATS Project renders a variety of security-focused services to Web3 and Web2 clients, including simulated attacks, vulnerability scans, and more. As part of the integration with peaq, DATS Project will bring its DePIN on the network and launch its token natively on peaq.

The cybersecurity market is expected to surpass 424 billion by 2030 as connected devices become evermore ubiquitous in business and personal life. However, centralized cybersecurity services often lack the computational power that hackers bring to the table and do not provide enough transparency, which ultimately results in suboptimal security for companies and private users alike.

DATS Project is building a software ecosystem that enables anyone to join its DePIN for cybersecurity services and earn rewards for helping make the Web safer. At the current stage, its DePIN counts 1,184 computers, with 7,562 CPU cores across those and a combined bandwidth of 48,008 megabits per second. Open for anyone to join by installing the DATS desktop app, it can potentially scale to surpass the capabilities of the world’s largest botnets run by professional hackers. DATS Project already has 14 clients, including projects in AI, energy, commodities, cybersecurity, Web3 gaming, business payments, VR, and more.

The DePIN can simulate a variety of distributed denial of service (DDoS) attacks, which overwhelm the target through sheer scale, and render other services, such as decentralized vulnerability scanning and threat intelligence collection, all conducted faster than in Web2. These services are available through the DATS client-facing app, available to B2B customers on a subscription basis. By leveraging blockchain, DATS Project provides a higher degree of transparency than traditional cybersecurity providers and offers clients NFT-based security certificates after completed tests.

Selecting peaq as the layer-1 backbone for its DePIN, DATS Project will link its desktop app with peaq and deploy the smart contracts powering its core logic on the home of DePIN. It will enable NFT minting on peaq and use peaq to track and manage resource allocation across the DePIN. Further on, it will implement its rewards distribution mechanism on peaq, complete with a rewards calculator, launch the dApp on peaq and mint its token on the network.

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“The DePIN model grants cybersecurity providers the capacity and scalability that’s only possible in Web3,” says Serkan Bilen, co-founder of DATS Project. “And peaq, as the home of DePIN, grants a project like ours the fundamentals, growth potential, and DePIN-specific functionalities that no other layer-1 can match. We are looking forward to leveraging peaq’s Modular DePIN Functions as part of the DePIN making the Internet safer for all.”

“Cybersecurity is a crucial industry that stands to gain a lot from the Web3 transparency and scaling capabilities,” says Till Wendler, co-founder of peaq. “We are excited to see DATS Project leverage peaq as the layer-1 for a DePIN transforming this market with community ownership and decentralization.”

The post DATS Project joins peaq to build a community-powered cybersecurity network appeared first on HIPTHER Alerts.

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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