This sidechain contained creator NFTs, causing some to claim that Rally "rugged" the people using the firm's services.

https://www.theblock.co/post/207280/social-token-platform-rally-shuts-down-sidechain-containing-creator-nfts

The People's Republic of China has been very hostile towards the crypto market in the past decade ranging from the miners' ban to the crypto trading ban.

https://coinpedia.org/news/china-to-welcome-crypto-adoption-predicts-tron-founder-justin-sun/

Do you want to mine cryptocurrency from the comfort of your own home? With the rise in digital currencies, more and more people are becoming interested in crypto mining.

https://beincrypto.com/crypto-mining-from-home-2023/

Key Points: The Biden Administration is seeking public feedback on crypto assets and blockchain technology in order to develop future crypto policy. The White House's Office of Science and Technology Policy (OSTP) has requested public assistance in identifying critical areas of the crypto industry that require additional research and development in a new official paper.

https://news.coincu.com/162865-white-house-public-comment-on-crypto-assets/?SNAPI

The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in the future.

https://news.bitcoin.com/sao-paolo-introduces-blockchain-in-data-access-law/

After the fall of FTX and the Ripple lawsuit in 2022, the U.S. Securities and Exchange Commission (SEC) is now looking into Wall Street corporations that may be violating custody regulations.

https://blockchain.news/news/sec-probes-investment-advisers-offering-crypto-custody-without-proper-qualification

The chairman of the Financial Services Subcommittee on Digital Assets wants to make the United States a hub for fintech and blockchain innovation. The chairman of the newly formed U.S. congressional subcommittee on digital assets has promised progressive crypto regulations to ensure that “America is the place for fintech and blockchain innovation.

https://bitcoinworld.co.in/congressman-hill-to-make-sure-us-is-the-place-for-blockchain-innovation/?SNAPI

In a recent development, it was discovered that holders of the Bored Ape Yacht Club [BAYC] were profitable over the last few months. The NFT asset outperformed many others in the crypto space, despite the turbulence of the industry's markets.

https://ambcrypto.com/bayc-profits-soar-as-nft-demand-rises-but-what-has-holders-anxious/

Crypto hedge fund giant Pantera Capital says that one sector of the digital asset space will be the life force of the next bull market cycle. In Pantera's latest newsletter, chief investment officer (CIO) Joey Krug says that decentralized finance (DeFi) will act as the foundation for the next bull market.

https://dailyhodl.com/2023/01/24/largest-crypto-hedge-fund-in-the-world-says-defi-will-drive-the-next-crypto-bull-market/

The Digital Euro will be free to use and accessible to all, but it would be the lawmakers who will decide what personal information the bank will have access to, the European Central Bank said in a January 23 statement.

https://cryptoslate.com/digital-euro-will-be-free-to-use-but-privacy-is-up-to-legislators/

Khosla Ventures, Lyrik Ventures, Near Foundation and GSR participate in London-based Calimero Network's $8.5 million raise.

https://www.theblock.co/post/204235/private-sharding-startup-calimero-network-raises-8-5-million

OpenSea faces backlash as bad actors take advantage of a loophole in the platform's stolen NFT policy to sell Bored Ape Yacht Club (BAYC) NFTs.

https://blockchainreporter.net/bad-actors-exploit-opensea-to-sell-stolen-bayc-nfts/?SNAPI

Two cryptocurrency-sector banks have turned to the federal mortgage system to ease customer withdrawals. Silvergate Capital and Signature Bank have borrowed billions from Federal Home Loan Banks, the system created to back mortgage lending during the Great Depression, The Wall Street Journal (WSJ) reported Saturday (Jan. 21).

https://www.pymnts.com/cryptocurrency/2023/crypto-contagion-spills-into-mortgage-lenders-silvergate-and-signature/?SNAPI

Crypto-centric bank Silvergate said its exposure to bankrupt lender Genesis has been limited. The bank made this announcement in an update Friday (Jan. 20), one day after Genesis filed for bankruptcy and three days after Silvergate said the cryptocurrency industry's ongoing downturn had led to a $1 billion loss.

https://www.pymnts.com/cryptocurrency/2023/crypto-bank-silvergate-says-genesis-exposure-minimal/?SNAPI

Bitzlato? Laugh if you want, but the US government post-FTX is eager to demonstrate that it's tough on crypto crime.

https://decrypt.co/119706/us-government-crypto-crackdown-is-coming