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The billionaire founder of South Korean gaming giant Nexon has died in the United States aged 54.   Kim Jung-ju, former chairman and CEO of NXC Corporation, the holding company of Nexon, passed away in Hawaii at the end of February, according to reports in South Korean media.  NXC announced the death, and said it could […]

The post Nexon founder Kim Jung-ju dies in the US appeared first on The Block.

OFAC is implementing new regulations in accordance with a Russian-related executive order the Biden Administration issued last year.

The post OFAC to carry out a 2021 executive order barring transactions with Russian entities, including crypto appeared first on The Block.

Polkadot founder Gavin Wood has followed through on his promise to donate $5 million to Ukraine to support its efforts in its war with Russia.

The post Polkadot founder Gavin Wood donates $5.8 million to Ukraine appeared first on The Block.

Morgan McKenney’s remit will include partnering with a range of financial institutions, fintechs and developers to lead the growth and adoption of the Provenance Blockchain.

The post Former Citi exec joins Provenance Blockchain Foundation as CEO appeared first on The Block.

Quick Take

• Total adjusted on-chain volume decreased by 6% to $589 billion.
• A total of 212,040 Ethereum, equivalent to $608 million, was burned in February.
  
• NFT marketplace volume decreased by 29.1% to $5.46 billion in monthly volume.
• Centralized exchange spot trading volumes decreased by 17.3% to $689.5 billion.

Exciting little magical creatures called ‘Nepers’ from Neptune are marching their way onto the Metis Layer 2 ecosystem this month

The post Neptune GameFi Orbiting on Metis appeared first on The Block.

Shares in payments company Block, previously known as Square, show signs of recovery after its earnings report last Thursday.

The post Block shares show sustained recovery following last week’s earnings report appeared first on The Block.

The number of addresses with hordes of more than 1,000 bitcoins has surged by 4.65% in the last day.

The post Number of bitcoin whales spikes as sanctions on Russia bite appeared first on The Block.

VALR, a leading crypto exchange in South Africa, has raised $50 million in a Series B equity funding round. 

The post VALR secures $50 million in largest African crypto raise to date appeared first on The Block.

The price of bitcoin increased sharply by around 15% in the past 12 hours to top $44,000.

The post Bitcoin price tops $44,000 as sanctions take toll on Russia appeared first on The Block.