Rise in talent poaching by Web3 firms 

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The new CEO of Yuga Labs is Daniel Alegre. The organization that created CryptoPunks, Otherside, and the Bored Ape Yacht Club is moving to the next stage of the internet of Future Funtimes. Less than two weeks have passed since the FCC announced a lawsuit to block Microsoft from acquiring Activision Blizzard. This brings us to his new position. Less than 72 hours after it was reported that he would be leaving his role as President and COO of Activision Blizzard. A major business victory for Yuga Labs is luring Alegre to the blockchain technology company that runs the Bored Ape Yacht Club, CryptoPunks, and Otherside. Daniel is an experienced CEO and had helped in developing well-known brands like Call of Duty, Candy Crush, World of Warcraft, etc. Famously revealed as the real founders of Yuga Labs in February were Aronow and Solano. The business reported a $450 million seed fundraising round the following month, valued at $4 billion.

Kunji market update

Laws related to cryptocurrencies have been enacted by Kazakhstan’s lower house of parliament. The bill will now go to the Senate for consideration and will have a second vote session. It will enact corporate taxes on bitcoin (BTC) miners and energy consumption limits for the sector. Since 2021, Kazakhstan has been experiencing a power shortage. The requirement to only purchase when there is a surplus may not apply to miners connected to renewable energy sources. According to Akhmetzhanov and Bekbau, preferential tax benefits that some high-tech companies in a special economic zone could receive have already been eliminated. At the start of 2024, miners might have to sell three-quarters of their mined crypto locally via exchanges approved by the government.

Visa has proposed to use StarkNet for some automated recurring payments. The layer 2 blockchain StarkNet, which was constructed on top of Ethereum, could aid in bridging the digital and physical worlds. Before putting new technologies into practice, Visa has been investigating topics like payment security and privacy that needs to be improved. With businesses engaged in the field, the corporation is willing to exchange ideas on programmable payments. The StarkNet platform was used by Visa to develop their proof of concept for the Argent crypto wallet.

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