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News (746)

95% Of NFTs Completely Worthless: Report

A new report from dappGambl says 95% of the NFTs included in the study are effectively worthless. So reports Markets Insider.

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Vero Technologies Closes Funding Round On Back Of BankTech Ventures Injection

Vero Technologies, a loan servicing and financial tech platform, raised $8.5 million in a Series A round. So reports FinTech Magazine.

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PYPL Gets Downgraded As Cramer Looks To Financial Establishment

MoffettNathanson analysts downgraded fintech PayPal from $85 to $75 as forecasters pointed out its sluggish profits. So reports CNBC

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Startale Labs, Sony Aim High with Ambitious Web3 Initiative

Web3 developer Startale Labs and Sony Network Communications have entered a lofty new blockchain collaboration aiming “to be the backbone of the web3 world.” So reports Crypto Briefing.

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$53M in CoinEX Operating Assets Targeted in Cyber Attack

CoinEX, a global crypto exchange, announced its hot wallets were hacked on Tuesday, Sept. 12, leading to large amounts of ETH and other digital assets being stolen. So reports Bleeping Computer

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Fintech Taurus Teams up with Deutsche Bank On Digital Wallet, Tokenization Services

Swiss fintech Taurus has entered a partnership agreement with Deutsche Bank to offer digital asset custody for its customers. So reports Decrypt.

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Justin Bieber To Offer Royalty-earning NFTs with New Song Release

Justin Bieber is offering royalties to 2,000 fans who purchase NFT versions of his new song. So reports BeInCrypto.

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Crypto Millionaires Are A Tiny Fraction Of World’s Total Millionaires: Report

A recently published study by London-based Henley & Partners investment migration consultancy firm found that of the world’s more than 56 million millionaires, 88,200 of them made their money through cryptocurrency. So reports Bitcoin.com.

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Reserve Bank of India Governor: Fintech SRO Could Create Win-win for Central Bank, Firms

Reserve Bank of India Governor Shaktikanta Das encouraged fintech firms to develop a “self-regulatory body” that addresses their specific needs. So reports Reuters

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NEC Develops Fintech Arm As Japan Seeks to Bolster Asset Income

NEC, a Japanese electronics company, acquired a majority stake in fintech firm Japan Asset Management as it looks to develop its financial advisory arm. So reports Nikkei Asia.

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