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Partner(s)
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Good morning!
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If you've gotten jaded by the streaming services currently in Nigeria, then you might have a new reason to rejoice. One of the big streaming companies, Amazon Prime Video has landed in the country.
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Below are the tech stories and news you need to know to start your day, carefully curated by Technext.
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Summary of the news
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- Coinbase shares have soared after its new crypto deal with meme traders, BlackRock
- NBC has fined Multichoice and others, N5 million for televising the BBC's banditry report
- 5 Africans are featured on the 2022 Bloomberg New Economy Catalyst list
- Amazon Prime Video has launched a local service in Nigeria
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Coinbase shares soar from BlackRock crypto deal
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Shares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional clients to buy bitcoin.
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Coinbase shares were last up by 18%. Earlier in the day they jumped as much as about 40%.
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CNBC reports that services in the company’s Prime offering will be available to clients of BlackRock’s portfolio management platform for institutional investors, Aladdin, the company said on its blog. Coinbase will provide crypto trading, custody, prime brokerage, and reporting capabilities. BlackRock is the largest asset manager in the world with more than $8 trillion under management.
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“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, said in a statement. The partnership will let them “manage their bitcoin exposures directly in their existing portfolio management and trading workflows.”
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A word from our sponsor!
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Fincra is a startup that creates API products for businesses with the aim of helping them build and launch their embedded payment features, using a concept called Banking as a Service (Baas).
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"What is BaaS?" One might ask. BaaS helps non-banking businesses with financial infrastructure, allowing them to deliver their products faster to the market.
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Now, this is where Fincra comes in. It offers something called Fincra BaaS APIs. With Fincra BaaS APIs businesses and fintechs can embed payment services into their software.
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These platforms can offer various payment services like collecting payments from customers and disbursement.
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At its core, Fincra provides banking services for platforms on the API level, with the goal of building API infrastructure that connects Africa to the rest of the world. With Fincra's APIs, platforms can build quick and seamless financial applications for scalability across Africa and the rest of the world.
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NBC fines Multichoice and others, 5 million naira
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The Nigerian Broadcasting Commission (NBC) has fined Multichoice Nigeria Ltd, owners of DSTV, TelCom Satellite Limited (TSTV), NTA-Startimes Limited, and local channel Trust TV a hefty sum of Five Million Naira (5,000,000.00) each for airing the BBC African Eye documentary titled, “Bandit Warlords of Zamfara,” which reveals the secrets behind most of the bandit attacks in the state.
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According to Technext, NBC believes that the BBC report glamorises the activities of bandits and undermines national security in Nigeria. They also caution broadcasters to exercise extreme caution in their efforts to educate, inform, and enlighten the public on issues concerning developments and happenings both within and outside the country.
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In the statement issued on Wednesday, the National Broadcasting Commission stated that the media sources had until August 30 to pay.
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5 Africans make 2022 Bloomberg New Economy Catalyst list
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Bloomberg New Economy has announced its Catalyst class for 2022. The class includes 28 remarkable founders who are working to make their society and the world more equitable, inclusive, and sustainable.
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These trailblazers are defining the new economy with cutting-edge technology while also addressing complex issues in their respective regions and globally. Among these global trailblazers are five African founders and co-founders who are making a difference in Africa and beyond.
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Technext reports that Wemimo Abbey (Esusu), Odunayo Eweniyi (Piggyvest), Olugbenga Olubanjo Olufemi (Reeddi), Aneri Pradhan (Nexus) and Gregory Rockson (Pharma) all made the list this year.
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Make way for Amazon Prime Video
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Amazon Prime Video yesterday announced the launch of the localized version of its streaming service in one of Africa’s biggest markets—Nigeria. TechCrunch reports that just as it did in Southeast Asia some days back, the tech giant is attempting to boost its subscriber push in new markets like Africa by increasing its investment in local production, unveiling slates of localized originals and introducing discounted Amazon Prime membership offerings to customers.
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Amazon Prime Video launched in Africa in 2016 as part of its global push across more than 200 countries worldwide, bringing some serious competition to Netflix’s global plan launched that same year.
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However, versions of the service available in the region have never featured the local-language interfaces, subtitling, and original content offerings typical in more developed markets.
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Latest in funding
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Other stories we are following
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