Paxos has launched its Global Dollar (USDG), a new stablecoin approved by Singapore's Monetary Authority, which is backed 1:1 by the US dollar and managed by DBS Bank. This initiative aims to enhance compliance and security in the stablecoin market while expanding USDG's global reach through partnerships with various crypto platforms.

Stephen Mollah recently claimed to be Satoshi Nakamoto at a press conference in London but failed to provide any credible evidence to support his assertion. The event, which was marred by technical issues and confusion, left attendees frustrated and questioning the validity of Mollah’s claims, which echo similar unproven assertions made by others in the past.

Consensys has announced a 20% workforce reduction, cutting approximately 162 employees, due to economic challenges and ongoing regulatory disputes, particularly with the SEC.

Vietnam has launched a national blockchain strategy aimed at becoming a leader in blockchain technology by 2025, focusing on improving infrastructure, developing regulations, and fostering innovation. The plan includes establishing 20 prominent blockchain brands, building three testing centers, and positioning Vietnam among the top ten blockchain research hubs in Asia by 2030.

Ripple CEO Brad Garlinghouse revealed that Citigroup terminated his banking relationship due to his involvement in the crypto industry, highlighting the growing issue of de-banking for crypto professionals. He criticised the Biden administration's regulatory stance and expressed optimism for a more favourable crypto environment after the upcoming presidential elections.

Tesla recently transferred its entire Bitcoin stash of 11,509 BTC to new wallets, sparking speculation about a possible sell-off. However, blockchain analysts believe these movements are just wallet rotations, indicating that Tesla still owns the Bitcoin and may be preparing for future strategic moves.

Michael Saylor plans to leave his Bitcoin wealth to the world, similar to how Bitcoin's creator, Satoshi Nakamoto, did. He believes Bitcoin is a vital tool for the future economy, helping to preserve wealth and potentially solve many of the world's problems.

Indonesia's regulatory agency, Bappebti, has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Trader (PFAK) license until the end of November 2024. This extension allows exchanges more time to comply with updated regulations and aims to strengthen the digital asset market in the country.

Elon Musk's AI startup, xAI, has launched a Grok API for its chatbot, allowing users to access its features for a fee, but questions remain about the model's capabilities. Grok aims to provide less restricted responses than competitors and is integrated into the X platform, although it faces scrutiny over data privacy and environmental issues.

Blockchain.com executives Nicolas Cary and Al Turnbull are facing legal trouble for failing to submit the company's financial accounts for 2022, with court proceedings starting in September 2024. The company attributes the delays to restructuring and workforce cuts, but their inability to meet filing deadlines has raised concerns about operational transparency and investor confidence.