Latest news with #Rust
Crypto Insight
2 days ago
- Business
- Crypto Insight
BNB Chain targets 5,000 DEX swaps per second in 2025
BNB Chain is set to undergo a major infrastructure upgrade in the second half of 2025, aiming to support up to 5,000 decentralized exchange swaps per second and significantly enhance its onchain capacity. In its outlook for the remainder of 2025 and 2026, BNB Chain plans to increase its block gas limit from 100 million to 1 billion to keep up with user demand and ensure smooth activity across decentralized applications (DApps). The network said it's rolling out a Rust-based client optimized for high-throughput performance. This will be built on Ethereum's Reth architecture with some modifications. It offers faster node syncing, improved memory management and efficient smart contract execution. The team said the upgrade is part of a broader push to future-proof the network. BNB Chain shares upgrade plans for 2025 and 2026 BNB Chain also mentioned Super Instructions, which are optimized smart contract functions that bundle multiple operations into a single action. The network said this would streamline complex interactions like launch events and token swaps. In addition, the network will also improve its StateDB system, aiming to reduce redundant data access and unlock faster execution across a much larger data set. The StateDB is part of the blockchain system that manages accounts, balances, smart contracts and their data. When upgraded, the blockchain can run faster, handle more users and execute complex transactions more efficiently without overload. In 2026, BNB Chain said it's developing a blockchain architecture capable of processing 20,000 transactions per second (TPS) with under 150 milliseconds confirmation times. It will introduce native privacy features, upgradable virtual machines and user-friendly tools that may provide the feeling of a centralized exchange while having Web3 levels of control. 'The next phase of BNB Chain will make onchain access as intuitive as logging into your favorite app, while still giving you full control of your assets,' BNB Chain wrote. Upgrade stems from an increase in demand A BNB Chain representative told Cointelegraph that the planned upgrades reflect the chain's current momentum and future demand. The BNB Chain team said that the network saw significant growth in activity, logging 12.4 million daily transactions in the first half of the year. The representative also shared that the network peaked at 17.6 million transactions in a single day. 'Our 5,000 swaps per second goal this year is about proactively scaling infrastructure to ensure smooth UX during peak moments, without compromising cost, speed, or fairness,' the representative told Cointelegraph. The representative also told Cointelegraph that the team will work with its community to explore native protocol-level privacy infrastructure. They said that users want to transact and interact with smart contracts without exposing sensitive details publicly. 'Also, professional traders eager to introduce more traditional financial services to protect their trading,' the representative said. Ethereum gears up for the upcoming years Apart from BNB Chain, Ethereum is also gearing up for the upcoming years. On July 11, Ethereum Foundation developer Sophia Gold wrote that the network is preparing to integrate zero-knowledge technology into the mainnet. Furthermore, Ethereum proponents are pushing the idea of layer-1 networks transitioning to Ethereum layer 2s. On Wednesday, Ethereum co-founder Vitalik Buterin suggested a minimalistic approach to building layer-2 networks, supporting the narrative of layer-1 networks switching to Ethereum. Source:
Business Wire
4 days ago
- Business
- Business Wire
Silver Air Elevates Jessica Rust to EVP of Sales, Strengthening Focus on Corporate Charter Solutions
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Silver Air Private Jets, a leading private aircraft management and charter company, announces the promotion of Jessica Rust to Executive Vice President of Sales. Rust will lead the growth of Flight Club™, Silver Air's exclusive program designed for corporate and individual clients seeking a more streamlined and flexible charter experience. Share In her new role, Rust will lead Silver Air's sales strategy and drive the continued growth of Flight Club™, the company's exclusive, invitation-only program for discerning individual and corporate clients. By eliminating complex commitments and non-transparent pricing, the program delivers flexibility, control, and peace of mind—transforming the traditional charter experience. 'Jessica's promotion is a testament to her exceptional leadership and deep industry expertise,' said Jason Middleton, CEO and Founder of Silver Air. 'Her vision for Flight Club™ and her ability to build lasting relationships make her the ideal leader to drive our sales organization forward—particularly with corporate travel departments seeking consistency and a more straightforward approach to charter.' Rust brings more than 20 years of experience in business aviation, with a track record of building high-performing sales teams and delivering tailored solutions to clients. At Silver Air, she previously served as Director of Charter Sales, where she played a pivotal role in launching and scaling Flight Club™. 'Silver Air is redefining private aviation with a model that truly prioritizes the client,' said Jessica Rust, Executive Vice President of Sales. 'I'm honored to step into this role at such a dynamic time in the industry and excited to deepen our partnerships with organizations that demand the highest standards in flexibility and service.' In this expanded role, Rust will focus on scaling Flight Club™, building strategic partnerships with corporate clients, and enhancing the systems that power Silver Air's reliable, high-touch service. About Silver Air Private Jets Silver Air Private Jets, based in Santa Barbara, is a leading private aircraft management company and charter operator. Founded in 2008, the company offers aircraft management, charter, sales, and acquisitions with a transparent, owner-first approach. Its invitation-only Flight Club™ program simplifies private jet access with streamlined booking, transparent pricing, and personalized concierge support—offering clients greater control and flexibility than traditional jet programs. To learn more, visit today.
Mint
09-07-2025
- Business
- Mint
‘We lost our jobs overnight': Techie's Reddit post goes viral after sudden shutdown
Imagine showing up for work thinking it's just another regular day, only to walk out unemployed by lunchtime. That's exactly what happened to 19 employees at a tech startup that shut down without warning, leaving its staff stunned and jobless. A Reddit post titled 'Our startup shut down overnight—19 of us lost our jobs' has struck a chord with thousands online. Shared by a now-former employee, the post details how the team learned—through an urgent all-hands meeting—that the company had run out of funds and would be shutting down with immediate effect. 'It was supposed to be just another normal workday,' the Reddit user wrote. 'But around midday, we all got an unexpected email from the CEO calling for an urgent all-hands meeting.' The mood quickly shifted from business-as-usual to disbelief. According to the post, the CEO informed employees that all investors had pulled out, and there was no money left, even for salaries. The company would cease operations immediately. 'We wouldn't be getting paid this month, and effective immediately, the company was shutting down… Just like that, a four-year-old startup was gone.' What's shocked many online is the lack of warning. There were no prior signs, no layoffs, no bridge funding plans, just a sudden collapse. 'It still hasn't fully sunk in. We had our struggles, sure, but there was no communication that we were in real trouble,' the user added. The anonymous poster, who says they worked in Rust programming for the past eight months, also used the platform to seek support, resume reviews, and job leads. 'I'm posting this partly to process everything, and partly to hear from others who've gone through something similar.' The post quickly gained traction, with thousands of upvotes and hundreds of comments from users expressing sympathy, sharing advice, and even offering job referrals. While the glamour of startup culture often dominates headlines, flexible hours, bean bags, and unicorn valuations, this post is a sobering reminder of its unpredictability. Behind the scenes, startups often operate with tight runway margins, investor pressures, and limited safety nets for employees. With India and the global tech ecosystem experiencing a wave of layoffs and shutdowns post-pandemic and amid a funding winter, stories like this are becoming alarmingly common. For many, the Reddit post serves as a wake-up call. 'I was exactly in this situation last month. I know how overwhelming it feels right now. Take some time to process it. Reach out to HR, they probably know people with openings for your experience, although chances might be small. Update your profiles, have some open source projects you can showcase on github. Keep applying.,' one commenter advised. Another user advised, 'Notch up your skills and also start preparing for interviews. Actual work and clearing interview are two different things. So focus more on interview prepration. Ask AI to make mock interviews for you and dedicate max time in interview preparation alongside keep applying. Cold mail HR ( get emails from linkedin ) 3-4 time a week to same HR. Daily 15 mails.' While the CEO reportedly promised to use his network to help the team find new roles, the employees were left questioning the lack of transparency that led to this sudden closure.
Miami Herald
07-07-2025
- Business
- Miami Herald
Nvidia-backed stock sinks on unexpected deal
I am deeply skeptical about AI, but even more so about crypto. best explains it: "A thriving market for magic beans doesn't make the magic beanstalk real." That is not a random website, but one related to the Rust programming language, probably the most popular one used in crypto-related companies. Predicting the future of any tech bubble is difficult, but sometimes it isn't necessary. Related: Analysts raise Micron stock price target, send warning The key is having a flexible tech stack that enables the company to pivot quickly to another market. Just think of Nvidia, which used the gaming boom to switch to the crypto boom, to quickly switch to the artificial intelligence hype train. You can't be sure when the bubble will burst, but you must be ready. Nvidia isn't the only one that pivoted from crypto to AI. Another is Atlantic Crypto Corporation. It used to mine crypto before changing its name to Coreweave and switching to a cloud computing and AI training business. Erik Isakson/Tetra Images via Getty Images CoreWeave's (CRWV) business model allows businesses to remotely "rent" its Nvidia GPUs for AI training. Nvidia's reliance on CoreWeave cards is probably why Nvidia owns roughly 5% of CoreWeave. The relationship seems to give CoreWeave certain market privileges, so it wasn't surprising when CoreWeave announced on July 3 that it is the first AI cloud provider to deploy the latest NVIDIA GB300 NVL72 cards. Compared to the previous generation of NVIDIA Hopper architecture, the chips offer a huge performance and power efficiency jump for AI reasoning and agentic workloads. Related: Analyst sends Alphabet warning amid search market shakeup Growing demand for AI training led CoreWeave to expand its deal with OpenAI in Q1, bringing the total contract value to $15.9 billion. The company expects total revenue of $4.9 billion to $5.1 billion in 2025. However, capital expenditures could reach $23 billion. Bank of America analysts recently downgraded CoreWeave's stock rating, arguing there is less room for shares to head higher. CoreWeave announced on July 7 that it will acquire Core Scientific (CORZ) in an all-stock transaction. Core Scientific is another crypto mining company known for "digital mining at scale." So, perhaps merging with a company that offers AI training and has the same roots makes sense. The merger deal is valued at approximately $9 billion. CoreWeave argues the deal will help verticalize its data center footprint, ensuring additional revenue growth. More AI Stocks: Veteran fund manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion moveAnalysts revamp forecast for Nvidia-backed AI stock Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave stock for each share of Core Scientific stock based on a fixed exchange ratio. If the deal gets finalized, CoreWeave expects Core Scientific's stockholders' ownership of the combined company to be less than 10%. CoreWeave will acquire 1.3 GW of gross power across Core Scientific's national data center footprint, with an incremental 1 GW+ of potential gross power available for expansion. Benefits of this deal include: Cost savings through streamlining business operations and eliminating lease control over the power footprint and possibility for future power of over $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 to repurpose toward high-performance computing Because this deal is an all-stock transaction, it will dilute CoreWeave's existing shareholders by reducing their ownership percentage. Core Scientific shareholders will also hold a much smaller percentage of the combined company. CoreWeave and Core Scientific shares tumbled on the announcement. At last check, CRWV shares were trading 3% lower near $160, and CORZ 17% lower near $15. Related: Oracle CEO sends blunt 2-word message on its business The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
07-07-2025
- Entertainment
- Time of India
ZChum gets banned mid-subathon over alleged Twitch drops farming violation, loses 288 hours of VODs
In a surprising turn of events, popular Twitch streamer ZChum was hit with a sudden platform ban right in the middle of a highly anticipated week-long subathon. The ban, issued for 'rebroadcasting VODs to farm Twitch drops,' wiped out over 280 hours of footage and left fans both confused and furious. Tired of too many ads? go ad free now What Triggered the Ban? ZChum was running a Rust subathon with fellow streamer OmidLive, operating in shifts to keep the stream live around the clock. They played, slept, and streamed every moment, claiming they only went offline for basic hygiene and meals. Everything seemed within Twitch's terms, until it wasn't. On July 5, Twitch suddenly hit ZChum with a suspension citing 'rebroadcasting VODs to farm Twitch drops.' The accusation? Fake engagement. 'We Never Looped VODs' ZChum quickly took to X (formerly Twitter) to challenge Twitch's decision. According to him, there were no loops, no fake streams, and definitely no shady tactics. 'We didn't loop any VODS, we have always been on camera….,' he wrote. He also revealed that their subathon began a full week before the Rust Twitch Drops campaign even started. The timing, he says, was purely coincidental. 288 Hours — Just Gone Possibly the most brutal consequence? A massive chunk of the stream's history—288 hours of VODs—was completely wiped. These weren't just casual streams. Viewers had donated thousands to keep the subathon going. And now, nearly all that content? Gone without a trace. Only one VOD, lasting 46 hours, remains visible on his channel. Fans and Creators React The ban sparked immediate backlash online. Many creators pointed out how unclear Twitch's automated moderation can be, especially during Twitch Drop campaigns when viewership spikes and strict rules kick in. Tired of too many ads? go ad free now Several questioned how streamers are supposed to plan legitimate long-format content without accidentally triggering Twitch's moderation bots. Back Online, But Not Without Damage Though ZChum's Twitch account was eventually restored and the subathon resumed, the damage was already done. Lost content, lost trust, and a major disruption in one of his most ambitious events to date. Twitch, as usual, hasn't commented on the specifics—adding to growing frustrations about transparency and consistency in enforcement. The Bigger Question ZChum's case raises a much larger issue: Can creators safely run long-format, collaborative subathons during Twitch Drop events without risking a ban? Right now, the answer seems unclear—and streamers are watching closely.
