Facebook Founder Mark Zuckerberg’s Sister Joins Huobi’s Public Blockchain Advisory Committee
Gone are those day when saying Zuckerberg in association with blockchain and cryptocurrency mostly denoted towards Facebook’s creator Mark Zuckerberg. As his sister, Randi Zuckerberg joins the crypto world by signing on as an advisor to Huobi, one of the world’s largest cryptocurrency exchanges.
Earlier in August, Huobi announced its new “expert advisory team,” in a press release. Randi Zuckerberg, Mark Zuckerberg’s sister joins the team along with some notable name including Bitmain’s CEO Jihan Wu. The release states Zuckerberg’s role and she will provide expert opinion on:
“Huobi’s public chain, from the basic technology of the blockchain to its industrial applications, commercial modeling, etc.”
It was also noted that Randi will “help” during Huobi’s Public Chain Leadership Competition.
“The Huobi Chain Project will provide individuals and organizations with a reliable financial protocol for value exchange, fundraising, securitization and more. While both private and public chains are decentralized peer-to-peer networks, the network within public chains is entirely open, so anyone can join and participate.”
Randi has a whole list of credentials that justify her appointment. The Harvard graduate has worked at Facebook for six years, she is also the founder and CEO of Zuckerberg Media, Editor-in-Chief of Dot Complicated, and is the creator of an animated TV show called Dot. Randi has a nomination for an Emmy and was featured as one of 50 Digital Power Players by the Hollywood Reporter in 2010.
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The founder and CEO of Facebook have expressed his interest in the field often. He shared his plans to study the “positive and negative aspects” of cryptocurrencies in an effort to “fix important issues” at Facebook via a Facebook Post. In recent months, The former PayPal president and former head of messenger at Facebook, David Marcus reportedly involved blockchain to Facebook. Later, he stepped down from his post of a Coinbase board member citing avoidance of a potential “conflict of interest.”
In fact, Facebook’s policies have fluctuated back and forth from in favor of cryptocurrencies and blockchain to against. In early 2018, Facebook took the crypto world by surprise when all cryptocurrency-related advertisements were banned. The policy was later updated to “prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings, and cryptocurrency.”
However, in June, the policy was further revised to allowing “related content from pre-approved advertisers,” while continuing to “prohibit ads that promote binary options and initial coin offerings.”
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