Author: olivia

Olivia reports on regulation, compliance, and policy developments shaping the crypto industry. Her coverage examines how legal and regulatory decisions influence market structure, project development, and industry behavior.She also follows Web3 initiatives and altcoin markets when regulatory changes are a key factor.

The intellectual property finance platform Unleash Protocol, built on the Story ecosystem, suffered a security attack resulting in a 3.9 million dollar loss this December 30. According to security firm PeckShield, the incident was caused by a governance failure that allowed an attacker to take administrative control of the smart contracts. The stolen funds were subsequently sent to the cryptocurrency mixer Tornado Cash to hide their trail effectively.

Read More

The financial entity Sberbank announced this Monday the successful execution of the first crypto-backed loan in Russian territory for the mining company Intelion Data. This strategic move represents a firm first step toward the banking integration of digital assets. Anatoly Popov, executive vice president of Sberbank, confirmed that the operation will serve as a pilot to expand this financial product to other corporate clients soon.

Read More