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Positive Sentiments in the Crypto Sector: Solana’s Recent Rally, Shibarium Launch, and Signuptoken.com’s New Milestone

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2023 hasn’t been the greatest year for the cryptocurrency industry. With bank collapses, lawsuits, and bearish sentiments, the clouds above have been looking dark and dreary for the crypto world. But worry not, the clouds are clearing up, the sun’s coming out, and there are several positive developments for the top crypto projects. In this article, we look at the latest news that proves the crypto industry is getting back up, brushing off the dirt, and is off to the bull races.

Solana (SOL) Price Hits Key Resistance

Solana (SOL), an Ethereum competitor, experienced a significant price increase of 8.5% in the past week, making it one of the top performers. The SOL token broke above key levels, including the $20 mark and the $38.21 Fibonacci retracement level at $19.71. The catalyst for this most recent rally remains unclear, but Solana’s partnerships, social media buzz, and resilient technology may have contributed to its upward trajectory. Solana’s ability to weather the storm caused by the FTX bankruptcy proves that the project has more tricks up its sleeve. 

Shiba Inu’s (SHIB) Shibarium Blockchain to Launch Soon

Shiba Inu (SHIB), the doge meme coin, has been mired in rumours regarding the date of its highly-anticipated layer-2 blockchain, Shibarium. SHIB’s official marketing specialist has clarified that there’s no official release date for the blockchain as of now and has invited fans to join the Shibarium Discord channel for further discussions. Team leader, Shytoshi Kusama, announced that Shiba Inu would be sponsoring the Blockchain Futurist Conference in August, where discussions about Shibarium’s launch would take place. Additionally, the SHIB token burn rate has spiked by 3,808% recently, with a large number of coins being sent to dead-end wallet addresses.

Signuptoken.com (SIGN) Reaches Over 6,700 Sign Ups

Signuptoken.com (SIGN) is an upcoming crypto token with an innovative prelaunch approach. Instead of just depending on a presale, Signuptoken.com encourages investors to sign up with their e-mails, with absolutely no costs incurred by the user. Recently, the platform has surpassed 6,700, with plans to launch on crypto exchanges after reaching one million sign-ups. Signuptoken.com has recently implemented a referral program, where you get rewards simply for spreading the word about the token. The project offers investors the most straightforward way to join the ecosystem, so sign-up with your e-mail and get the latest news on Signuptoken.com before anyone else.

Is Crypto On the Upward?

The recent positive developments in the crypto sector, such as Solana’s price surge, Shiba Inu’s upcoming Shibarium launch, and the new Signuptoken.com indicate a recovery in the industry. Despite the challenges faced earlier this year, these success stories demonstrate the resilience and potential of cryptocurrencies. Solana’s strong fundamentals and partnerships, along with Shiba Inu’s anticipation of launching its layer-2 blockchain, show that innovative projects are pushing forward. Additionally, the growing interest in Signuptoken.com’s unique marketing strategy highlights the increasing enthusiasm among investors. These positive indicators suggest that the crypto industry is regaining momentum and moving towards brighter days.

Learn more about Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Company Contracts Under The Companies and Allied Matters Act 2020 Nigeria

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CAC

This article will be taking a look at the contracts of a company under the Companies & Allied Matters Act CAMA, particularly in the aspects of form and the legal implications of contracts involving the common seal of a company as well as powers of attorney under CAMA 2020. 

What are the permissible forms of contract under CAMA 2020?

The act provides that contracts on behalf of a company may be made, varied or discharged in the following forms :-

– Any contract which if made between individuals would be by law required to be by deed, or which would be varied, or discharged only by deed may be made, varied or discharged, as the case may be, in writing as a deed in the name or on behalf of the company.

– Any contract which if made between individuals would be by law required to be in writing, signed by the parties to be charged therewith, or which could be varied or discharged only by writing or written evidence signed by the parties to be charged, may be made, varied or discharged, as the case may be, in writing signed in the name or on behalf of the company.

-Any contract which if made between individuals would be valid although made orally only and not reduced into writing or which could be varied or discharged orally, may be made, varied or discharged, as the case may be, orally on behalf of the company.

-A contract made according to the relevant section of CAMA governing company contracts shall be effectual in law, and shall bind the company and its successors and all other parties there to, their heirs, executors, or administrators, as the case may be; and may be varied or discharged in the same manner in which it is authorized by this section to be made.

What does the act say regarding pre-Incorporation contracts?

-The act provides that any contract or other transaction purporting to be entered into by the company or by any person on behalf of the company prior to its formation may be ratified by the company after its formation and thereupon the company shall become bound by and entitled to the benefit thereof as if it has been in existence at the date of such contract or other transaction and had been a party thereto.

-Prior to ratification by the company, the person who purported to act in the name or on behalf of the company shall, in the absence of express agreement to the contrary, be personally bound by the contract or other transaction and entitled to the benefit thereof.

What are the provisions of the act on bills of exchange & promissory notes?

The act provides that a bill of exchange or promissory note is deemed to have been made, accepted, or endorsed on behalf of a company if made, or expressed to be made, accepted, or endorsed in the name of the company, or if expressed to be made, accepted or endorsed on behalf or on account of the company by a person acting under its authority.

The company and its successors shall be bound thereby if the company is, in accordance with the relevant provisions sections of the act, liable for the acts of those who made, accepted or endorsed it in its name or on its behalf or account, and a signature by a director or the secretary on behalf of the company shall not be deemed to be a signature by procuration for the purposes of section 25 of the Bills of Exchange Act.

What are the provisions of CAMA 2020 on the Common Seal of a Company?

The act provides that a company may have a common seal but need not have one, and where a company has a common seal, the design and use of that seal shall be regulated by the company’s articles and it shall have its name engraved in legible characters on the seal.

What are the provisions of CAMA 2020 on official company seals for use abroad?

-The act provides that a company whose objects require or comprise the transaction of business in foreign countries may, if authorized by its articles, have for use in any territory, district, or place outside Nigeria, an official seal, the design and use which shall be regulated by the company’s articles, and shall indicate on its face the name of every territory, district, or place where it is to be used.

-A company having such an official seal may, by deed, authorize any person appointed for the purpose in any territory, district, or place outside Nigeria, to affix the same to any deed or other document to which the company is party in that territory, district, or place. 

-The authority of any such agent shall, as between the company and any person dealing with the agent, continue during the period, if any, mentioned in the instrument conferring the authority, or if no period is there mentioned, then until notice of the revocation or determination of the agent’s authority has been given to the person dealing with him.

-The person affixing any such official seal shall, by writing under his hand, on the deed or other document to which the seal is affixed, certify the date on which and place at which it is affixed.

-In the case of companies that have a common seal, a deed or other document to which an official seal is duly affixed shall bind the company as if it has been sealed with the common seal of the company.

What does the act say about the execution of powers of attorney involving companies?

The act provides a company may, by deed, empower any person, either generally or in respect of any specified matter, as its attorney, to execute deeds on its behalf in any place within or outside Nigeria.

A deed signed by a person empowered as provided above shall bind the company and have the same effect as it would have if it were a deed signed by the company.

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.