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Sam Bankman-Fried Trial Begins with Jury Selection As Plea Talks Non-existent

Jury selection in the fraud trial of Sam Bankman-Fried has begun. In the 10 months since the FTX founder was arrested, the prosecution noted there were no plea discussions that took place, prompting the trial to move forward.  So reports the Associated Press.

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Apex Fintech Solutions Names New CFO

Apex Fintech Solutions appointed Chantal Wessels to be the wealth management fintech’s new chief financial officer, the company announced.

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Brite Closes Funding Round As It Looks to Push Into New Markets

Swedish banking fintech Brite Payments announced it just closed a $60 million funding round. So reports Tech.eu

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Questions Abound As Binance Out Of Russia After A Day Of Operations

Binance is leaving Russia and selling its business after a day of operation in the country. So reports The Financial Times.

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Mistral AI Unveils Generative Model To Compete with U.S. Giants

Mistral AI is launching a Generative AI model with the aim of competing with U.S. companies like OpenAI and Meta. So reports Fintech Global.

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MTN Makes Move Deeper Into South African Fintech Scene with Payments App

MTN, a phone operator in South Africa, is launching a payments app in order to push deeper into the country’s emerging fintech space. So reports Reuters

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Mixin Hack Biggest Crypto Theft of 2023: Report

Cryptocurrency firm Mixin announced it was ripped off for $200 million after it was attacked by cyber hackers. So reports the South China Morning Post.

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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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