Favour Okosodo

Favour Okosodo

Favour is a Web3 writer and news analyst who specializes in cryptocurrency news, blockchain developments, and market analysis, with an interest in how decentralized technologies are shaping finance, digital ownership, and the future of the global economy.

Block Lays Off Over 930 Employees Amid Restructuring Efforts

Block Lays Off Over 930 Employees Amid Restructuring Efforts

Fintech giant Block has laid off 931 employees—approximately 8% of its workforce—in a company-wide restructuring move, according to an internal email obtained by TechCrunch. In the message to staff, CEO Jack Dorsey outlined the rationale behind the job...

Abracadabra DAO Addresses Hack, Plans Expansions & Resilience

Abracadabra DAO Addresses Hack, Plans Expansions & Resilience

Abracadabra Money recently faced a security incident involving its gmCauldrons, resulting in a loss of about 13 million MIM. The gmCauldrons, which allow users to leverage gmTokens for borrowing MIM or using yield-bearing LP tokens, are essential to...

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