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.

CoinDCX Denies New $16M USDT Hack Allegations

CoinDCX Denies New $16M USDT Hack Allegations

CoinDCX has denied allegations of a new security breach after blockchain investigators flagged approximately $16 million in Tether (USDT) transfers from wallets associated with the Indian cryptocurrency exchange. The dispute centres on whether the transactions involve compromised wallets...

Norway Adopts EU Sanctions to Block Russian Crypto Evasion

Norway Adopts EU Sanctions to Block Russian Crypto Evasion

Norway implemented the European Union's 21st sanctions package against Russia on October 21, 2026, introducing new restrictions targeting Russian financial institutions, oil exports, and cryptocurrency services. The move aligns Norway's sanctions regime with the EU's latest efforts to...

Ripple Backs SEC Crypto Rules, Seeks Clearer Token Status

Ripple Backs SEC Crypto Rules, Seeks Clearer Token Status

Ripple Labs has backed the US Securities and Exchange Commission’s (SEC) proposed crypto regulations, calling for clearer rules on when digital assets should be treated as securities. On October 20, 2026, Ripple submitted a formal comment letter supporting...

Turkey’s SPK Chief Exits After $20B Investment Fund Collapse

Turkey’s SPK Chief Exits After $20B Investment Fund Collapse

Turkey faced a financial crisis that began in September 2026, when several major investment funds failed to process investor withdrawals during a sharp market sell-off. The SPK has since suspended trading and ordered the liquidation of 131 investment...

Drift Hacker Moves $61M in ETH as $195M Remains Frozen

Drift Hacker Moves $61M in ETH as $195M Remains Frozen

In April 2026, hackers drained the Solana-based decentralized derivatives exchange within minutes. Security experts have linked the exploit to North Korea's state-sponsored Lazarus Group. The attackers converted the stolen Solana assets into stablecoins before moving them to Ethereum...

Bitget Acquires Thai Exchange Weeks After $388M Hack

Bitget Acquires Thai Exchange Weeks After $388M Hack

Bitget has agreed to acquire GMO-Z.com Cryptonomics (Thailand), a licensed cryptocurrency exchange and brokerage based in Bangkok. Through its affiliate, BTGT Management (Thailand) Ltd., Bitget will purchase all shares in the company from Japan's GMO Internet and its...

Web3 Phishing Scams Target Tyler Hobbs’ QQL NFT Collectors

Web3 Phishing Scams Target Tyler Hobbs’ QQL NFT Collectors

Generative artist Tyler Hobbs is facing reported phishing attacks targeting collectors of QQL, his collaborative NFT project with Dandelion Mané. QQL raised approximately $16.7 million through its initial mint-pass sale in September 2022. The project allows collectors to...

BlackRock Pushes $2.3B BUIDL Fund as Wall Street Collateral

BlackRock Pushes $2.3B BUIDL Fund as Wall Street Collateral

BlackRock is working to bring its blockchain-based funds into traditional Wall Street operations. The asset manager wants institutions to use tokenized assets as collateral and payment tools that operate around the clock. Instead of moving traditional brokers and...

Japan Megabanks Complete Yen Stablecoin Pilot

Japan Megabanks Complete Yen Stablecoin Pilot

Japan’s three megabanks, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation (SMBC), have successfully completed a joint test of a yen-pegged stablecoin. The project also involved Mitsubishi UFJ Trust and Banking Corporation. Conducted from July 17 to...

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