To what extent is the virtue of reciting eighty verses from the Holy Quran authentic, and what is the text of the mentioned virtue regarding the fulfillment of needs and the warding off of calamities?

This circulating hadith has no basis in the books of Sunnah; it is a fabricated hadith. One must verify the authenticity of a hadith before disseminating it, for whoever narrates a hadith knowing it to be fabricated has committed a grave sin, and the Prophet, peace and blessings be upon him, threatened such a person with the Fire.