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What Digital Content Owners and Streaming Platforms should know about the New Nigerian Copyright Act?

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The digital age has brought about a profound transformation in the way content is consumed and distributed. Digital platforms and streaming services have ushered in a new era of convenience and accessibility for users worldwide. However, alongside these advancements, the need for robust copyright protection and enforcement mechanisms has become more critical than ever. Nigeria, cognizant of the challenges that creators and copyright holders face in the digital realm, has recently introduced a new Copyright Act. This Act aims to address the evolving landscape of digital content and streaming platforms, ensuring the safeguarding of intellectual property rights in this rapidly changing environment. In this article, I will delve into some of the provisions of the Act and examine their profound impact on the digital content industry, as well as the rights and responsibilities of content creators, copyright holders, and consumers in Nigeria’s dynamic copyright ecosystem.

Expanding Digital Rights for Copyright Owners:

One significant aspect of the new Nigerian Copyright Act is the explicit expansion of the definition of “copy” to include digital copies. This expansion strengthens intellectual property protection for digitized content such as music, videos, and e-books. Copyright holders now have enhanced rights over their digital works, granting them control over the distribution and accessibility of their content online.

Exclusive Right to Make Works Available Online:

The Act reinforces copyright holders’ exclusive rights by granting them the authority to make their works available to the public through wire or wireless means. This provision recognizes the importance of digital platforms and online access to copyrighted content. It ensures that creators have the right to determine how their works are made accessible online, whether through streaming or downloads. Unauthorized distribution or streaming of copyrighted works is explicitly prohibited, aiming to combat online piracy.

Take-Down Notices and Copyright Enforcement:

To address issues of piracy and unauthorized streaming, the new Act introduces provisions for take-down notices. Copyright owners can exercise their digital rights to prevent piracy by issuing written notices to service providers, requesting the removal of infringing materials. For example, if a musician discovers an identical copyrighted song on a streaming platform, they can follow the takedown procedure outlined in the Act. Service providers are then obligated to promptly remove the infringing content and inform both the copyright owner and the alleged infringer about the takedown. This provision speeds up dealing with infringing works, allowing copyright owners to protect their content efficiently.

Suspension of Accounts and Dispute Resolution:

In addition to take-down provisions, the Act empowers service providers to suspend the accounts of recalcitrant subscribers who persistently infringe copyright. This measure acts as a deterrent against repeat offenders and ensures that service providers play an active role in copyright enforcement. The Act also emphasizes fair hearing principles by providing an opportunity for alleged infringers to respond to claims through written counter-notices, asserting their rights if they believe they hold the copyrights to the disputed content. Dispute resolution is facilitated through the Nigerian Copyright Commission (NCC), ensuring a mechanism for resolving conflicts.

Limitation of Liabilities for Service Providers:

Recognizing the role of service providers in facilitating the distribution of digital content, the Act introduces limitations of liabilities to protect these entities. Service providers are shielded from monetary liability for copyright infringement if certain conditions are met. These conditions include the service provider’s lack of knowledge about the infringement, prompt action to remove infringing material upon becoming aware of it, absence of monetary gain from the infringement, and expeditious response to infringement notifications. These provisions strike a balance between copyright protection and the immunity of service providers for user-generated content.

Preventing Liability: Responsibilities for Streaming Platforms

Streaming platforms play a crucial role in the distribution and accessibility of digital content. To prevent liability and comply with the new Nigerian Copyright Act, streaming platforms should take certain measures:

  1. Implement Robust Copyright Policies: Streaming platforms should establish clear policies regarding copyright infringement. These policies should outline the process for handling copyright claims, including the receipt and prompt action on take-down notices from copyright owners.
  1. Develop Efficient Content Monitoring Systems: Streaming platforms should invest in advanced content monitoring systems that can detect and flag potentially infringing materials. By proactively monitoring uploads and user-generated content, platforms can identify and remove infringing content before it becomes an issue.
  1. Educate Users: Streaming platforms should provide educational resources and guidelines to users regarding copyright laws and the importance of respecting intellectual property rights. By fostering a culture of compliance, platforms can empower users to understand and adhere to copyright regulations.
  1. Establish Clear Terms of Service: Streaming platforms should have comprehensive terms of service that clearly outline user responsibilities regarding copyrighted content. These terms should emphasize that users must have proper authorization or licenses to upload and share copyrighted materials.
  1. Collaborate with Copyright Holders: Building strong partnerships with copyright holders is essential. Streaming platforms should actively engage with copyright owners, providing mechanisms for reporting infringement and promptly addressing their concerns.

Benefits for Digital Content Owners under the New Act

The new Copyright Act brings significant benefits for digital content owners, empowering them with enhanced rights and protections:

  1. Increased Control over Digital Distribution: Content creators now have explicit rights to make their works available online. This provision enables digital content owners to control how their works are accessed and distributed, ensuring that they retain the rights to monetize their creations.
  2. Expedited Copyright Enforcement: The Act introduces streamlined procedures for copyright enforcement, including the issuance of take-down notices. Digital content owners can swiftly respond to instances of infringement, protecting their works from unauthorized distribution and piracy.
  3. Access to Dispute Resolution: The Act provides a mechanism for resolving copyright disputes through the NCC. This allows digital content owners to seek a fair resolution in cases of alleged infringement, promoting a balanced approach to copyright protection.
  4. Strengthened Protection against Online Piracy: With the inclusion of digital rights, the Act acknowledges the importance of combatting online piracy. Digital content owners can take advantage of the Act’s provisions to enforce their rights, remove infringing content, and discourage future instances of piracy.
  5. Collaboration with Service Providers: The Act encourages collaboration between digital content owners and service providers. By working together, copyright holders and service providers can effectively address infringement issues, protect copyrighted works, and ensure a vibrant digital ecosystem.

The new Copyright Act presents a significant opportunity for digital content owners to assert their rights, combat piracy, and benefit from a more secure and controlled digital environment. By leveraging the provisions of the Act, content creators can safeguard their intellectual property and thrive in the evolving digital landscape.

Conclusively, we can say that the Act also brings much-needed clarity and enforcement mechanisms to the digital landscape. By expanding digital rights, introducing take-down provisions, enabling account suspension, and limiting liabilities for service providers, the Act aims to protect copyright owners and combat piracy in the digital realm. If properly enforced, these provisions will provide the requisite framework for fostering a fair and sustainable ecosystem for creators, digital content platforms, and consumers alike, ensuring that copyright protection remains relevant in the digital age.

The Actual Offense of Godwin Emefiele, Suspended CBN Governor of Nigeria

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Godwin Emefiele the former CBN governor was earlier arrested by the security forces of the State Security Service (SSS) on June 10, 2023 hours after the president suspended him from being the chief executive officer of the Nigerian apex bank. He was kept in the detention facility of the SSS for over a month without access to his lawyers or doctors. 

Some few days ago, a high court sitting in Abuja invalidated his arrest and detention and then mandated the SSS to either charge Mr Emefiele to court if they have a solid case against him or they should let him go home instead of keeping him in their detention facility arbitrarily without a court order. 

In response to this court ruling, the SSS came up with just two court charges against Emefiele. The two-count charges read

COUNT ONE

That you Godwin Emefiele Male of No 8 Colorado Street Maitama Abuja on or about the 15h June 2023 at No. 3b iru Close, Ikoyi, Eti Osa Local Government, Lagos State within the jurisdiction of this Honourable Court had in your possession one (1) Single Barrel shotGun (JOJEFF MAGNUM 8371) without license You thereby committed an offense contrary to Section 4 of the Firearms Act Cap F28 Laws of the Federation 2004 and punishable under Section 27 (1) (b)(i) of the same Act.

COUNT TWO

That you Godwin Emefiele Male of No 8 Colorado Street Maitama Abuja on or about the 15 June 2023 at No 3b iru Close, Ikoyi, Eti Osa Local Government, Lagos State within the jurisdiction of this Honourable Court had in your possession One Hundred and Twenty-Three (123) Rounds of live ammunition (Cartridges) without a license. You thereby committed an offense contrary to Section 8 of the Firearms Act Cap F28 Laws of the Federation 2004 and punishable under Section 27 (1)(b)(ii) of the same Act.

It is interesting to see that a former CBN governor was arrested and detained for over a month and he was only charged for illegal possession of firearms.

It is noteworthy to mention that prosecution of persons for the offense of illegal possession of firearms falls under the purview and jurisdiction of the Nigerian police force and never the State Security Service, especially when it is just one gun. Therefore, it is the police that has been empowered by law to prosecute Emefiele if he is to be prosecuted for that offense and never the SSS.

I want to believe that the SSS have more games to play other than this, as their way, they are definitely coming up with more charges to amend the charge sheet later on to trump up more charges against Emefiele. I want to also believe that Mr Emefiele’s persecution is purely a political vendetta for the role he played during the election period with the naira redesign policy as it hasn’t been seen that he has committed anything illegal other than the discharge of his statutory duties.

It is another opportunity to also remind Nigerians that the former EFCC boss, Mr Abgulrasheed Bawa who was also arrested by the SSS is still in detention and he is yet to be charged to court for over a month now. Maybe he will as well be charged with illegal possession of firearms. 

Jimmy Song says Bitcoin went from Code to Global Money

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Bitcoin is a remarkable phenomenon that has transformed the world of finance and money. It started as a simple computer program written by an anonymous person or group called Satoshi Nakamoto in 2008, and it has grown into a global network of millions of users, miners, developers, and investors. Bitcoin is not controlled by any central authority, government, or corporation. It is a decentralized, peer-to-peer system that relies on cryptography and consensus to secure transactions and create new units of currency.

Bitcoin is more than just a digital asset or a payment system. It is a social and economic experiment that challenges the conventional wisdom and assumptions about money and its role in society. Bitcoin is a form of money that is scarce, programmable, censorship-resistant, borderless, and transparent. It is a money that can be used by anyone, anywhere, anytime, without intermediaries or intermediation costs. It is a money that empowers individuals and communities to have more control over their own wealth and destiny.

Jimmy Song is one of the most influential and respected voices in the Bitcoin community. He is a developer, educator, entrepreneur, and author who has been involved in Bitcoin since 2011. He is the author of Programming Bitcoin: Learn How to Program Bitcoin from Scratch and The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future. He is also the co-founder of Blockchain Capital LLC, a venture capital firm that invests in blockchain-related startups.

In a recent interview with CoinDesk, Jimmy Song shared his insights and perspectives on Bitcoin’s evolution and future. He said that Bitcoin went from being a code to being a global money in just over a decade. He explained how Bitcoin’s design and innovation enabled it to overcome various technical, social, and political challenges along the way. He also discussed how Bitcoin’s adoption and impact will continue to grow in the coming years, especially in developing countries where people face high inflation, currency devaluation, corruption, and financial exclusion.

Jimmy Song said that Bitcoin’s success is not only due to its technological features, but also to its cultural and philosophical values. He said that Bitcoin represents a paradigm shift in how people think about money and its role in society. He said that Bitcoin is not just a tool for speculation or investment, but also a tool for freedom and sovereignty. He said that Bitcoin is not only a money for the internet age, but also a money for the human age.

Jimmy Song’s interview is a must-read for anyone who wants to learn more about Bitcoin’s history, present, and future. It is also a testament to the power and potential of Bitcoin as a code that became a global money.

JIM CRAMER tells POWERBALL winner to INVEST IN BITCOIN

You might be tempted to splurge on a new mansion, a yacht, or a private jet. But before you do that, listen to what Jim Cramer, the host of CNBC’s Mad Money, has to say. He says you should invest at least 10% of your winnings in Bitcoin, the world’s most popular cryptocurrency.

Why? Because Bitcoin is the future of money, according to Cramer. He believes that Bitcoin is a hedge against inflation, a store of value, and a digital gold. He also thinks that Bitcoin is more secure and decentralized than traditional currencies, and that it has the potential to skyrocket in value in the coming years. Cramer is not alone in his bullish view on Bitcoin. Many other experts and celebrities have endorsed Bitcoin as a smart investment, such as Elon Musk, Jack Dorsey, Mark Cuban, and Michael Saylor.

Buying Bitcoin is easier than you think. All you need is a smartphone, an internet connection, and a digital wallet. A digital wallet is an app that allows you to store, send, and receive Bitcoin. There are many options to choose from, such as Coinbase, Cash App, or Exodus. Once you have a digital wallet, you can buy Bitcoin from an exchange, a peer-to-peer platform, or an ATM. You can also earn Bitcoin by completing tasks, selling goods or services, or accepting donations.

The quantity and size of your Bitcoin portfolio depends on your risk appetite and your financial goals. Cramer suggests that you allocate 10% of your portfolio to Bitcoin, but you can adjust that percentage according to your preference. Some people invest more, some less. The important thing is to diversify your assets and not put all your eggs in one basket.

Like any investment, Bitcoin comes with risks. The price of Bitcoin is volatile and can change dramatically in a short period of time. You could lose money if the market goes against you or if you sell at the wrong time. You also need to be careful about security and scams. You should always keep your private keys safe and never share them with anyone. You should also avoid phishing emails, fake websites, and fraudulent apps that try to steal your Bitcoin or personal information.

You should also do your own research and educate yourself about Bitcoin before investing. Don’t blindly follow the advice of anyone, not even Jim Cramer. Remember that this is your money and your responsibility. Despite the risks, investing in Bitcoin can also bring you many benefits. Here are some of them:

You can be part of a revolutionary technology that is changing the world of finance and commerce.

You can enjoy lower fees, faster transactions, and more privacy than traditional payment methods.

You can access a global market that is open 24/7 and has no borders or intermediaries.

You can support a decentralized and democratic system that empowers individuals and communities.

You can potentially earn huge returns if the price of Bitcoin continues to rise.

Winning the Powerball jackpot is a once-in-a-lifetime opportunity. Don’t waste it on things that will lose value or make you unhappy. Instead, invest wisely and secure your future with Bitcoin. Jim Cramer knows what he’s talking about. He’s been in the financial industry for decades and has seen it all. He’s not afraid to speak his mind and share his insights with millions of viewers. He’s also a big fan of Bitcoin and believes that it’s the best investment you can make right now.

Become a Member of Tekedia Capital and Co-invest To Own A Piece of Africa’s Finest Startups

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Every generation, new species of companies transform economies at scale. Using Nigeria as a case study, in the 1990s, new generation banks changed the ordinance of Nigerian banking, offering better services, and advanced the wealth of the nation.

Ten years later, in the 2000s, it was the time for voice telephony when MTN, Glo, Econet(Airtel) and others took over. Those companies created new platforms for new economic architectures.

Another ten years, in the 2010s, we experienced the dawn of mobile internet when our phones became wirelessly-networked digital computational  systems, offering us the opportunities to have bank branches, digital stores, etc in our phones.

In this new decade of 2020s, this is the era of application utility where young people are combining and recombining factors of production to fix market frictions, by using the combinatorial powers of technologies to transform our economies. From logistics to healthcare, education to real estate, fintech to agriculture, and more, the power of mobile internet, anchored on cloud and souped in evolving AI systems, is eating problems away.

At Tekedia Capital, we’re at the center of this transformation. Join our Syndicate today and co-invest in some of the most amazing young companies in Africa and beyond. The next edition begins soon; now is the time to become a member. We’re bringing a company which in 9 months has processed close to $100m in a small West African country! We found it before the BIG growth journey. Go here and become a member.

Binance has officially integrated Bitcoin Lightning Network, BLOCKFI Allegedly lent $217m to Alameda Research

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Binance, the world’s leading cryptocurrency exchange has announced that it has officially integrated the Bitcoin Lightning Network, a second-layer scaling solution that enables fast and cheap transactions on the Bitcoin network. This is a major milestone for both Binance and the Bitcoin community, as it will improve the user experience and reduce the network congestion and fees for Bitcoin transactions.

The Lightning Network is a decentralized network of payment channels that allows users to send and receive Bitcoin instantly and with minimal fees. The network operates on top of the Bitcoin blockchain but does not require every transaction to be recorded on the main chain. Instead, users can open channels with each other and transact off-chain, only settling the final balance on the blockchain when the channel is closed. This way, the Lightning Network can handle millions of transactions per second, while maintaining the security and decentralization of Bitcoin.

Binance users can now deposit and withdraw Bitcoin using the Lightning Network, by selecting the “Lightning” option in the deposit or withdrawal page. Users will need to have a Lightning wallet that supports the Lightning Network address format (bech32), such as Breez, BlueWallet, Eclair, Phoenix, or Zap. Users can also scan a QR code or copy and paste the Lightning invoice to complete the transaction. Binance supports both public and private channels and does not charge any additional fees for using the Lightning Network.

By integrating the Lightning Network, Binance aims to provide its users with more options and flexibility for their Bitcoin transactions. Binance CEO Changpeng Zhao (CZ) said: “We are always looking for innovative ways to improve our platform and services for our users. The Lightning Network is a game-changer for Bitcoin and its community, and we are thrilled to be a part of it. We hope that by supporting the Lightning Network, we can help boost the adoption and development of this breakthrough technology.”

Binance is not the only cryptocurrency exchange that supports the Lightning Network. Other exchanges such as Bitfinex, OKEx, Kraken, and Bitstamp have also integrated or announced plans to integrate the Lightning Network in the future. The Lightning Network is also supported by various merchants, wallets, applications, and services that allow users to pay with Bitcoin in a fast and convenient way. The Lightning Network is expected to grow further as more users and businesses adopt this innovative technology.

BLOCKFI Allegedly lent $217 million to Alameda Research

In a recent report by The Block, it was revealed that BlockFi, a leading crypto lending platform, had allegedly lent $217 million worth of USDC stablecoins to Alameda Research, a prominent crypto trading firm and the parent company of FTX exchange. The report claimed that the loan was made at a 4% annual interest rate and was collateralized by $300 million worth of unspecified cryptocurrencies.

The report raised some concerns among the crypto community, as some questioned the transparency and risk management of BlockFi’s lending operations. Some also speculated that the loan could be used by Alameda Research to manipulate the crypto market or to arbitrage across different platforms.

BlockFi has not confirmed or denied the report, but issued a statement saying that it “does not comment on specific client relationships or transactions”. The statement also said that BlockFi “adheres to rigorous underwriting standards and robust risk management practices” and that it “works with a diverse set of institutional counterparties across the crypto ecosystem”.

Alameda Research has also not commented on the report, but its founder and CEO, Sam Bankman-Fried, tweeted that he “can’t confirm or deny anything about any specific loans” and that he “doesn’t think there’s anything wrong with lending or borrowing”. He also said that he “doesn’t see any reason why this would affect anything” and that he “doesn’t think it’s a big deal”.

The report comes at a time when BlockFi is facing regulatory scrutiny from several states in the US, which have accused the company of offering unregistered securities through its interest-bearing accounts. BlockFi has denied the allegations and said that it is working with regulators to resolve the issues.

BlockFi is one of the most popular and successful crypto lending platforms in the industry, with over $15 billion in assets under management and more than 450,000 clients. The company offers various products and services, such as interest-bearing accounts, crypto-backed loans, trading, and institutional services.

Alameda Research is one of the most influential and respected crypto trading firms in the industry, with over $100 billion in trading volume per month and more than $1 billion in assets under management. The firm is also behind FTX, one of the largest and fastest-growing crypto exchanges in the world, which recently raised $900 million in a Series B funding round at an $18 billion valuation.