Zuckerberg’s Sister Enters the Crypto Market
August 28, 2018 11:25 am
Zuckerberg’s name is usually associated with Facebook and it’s subsidiaries. This time around, the Facebook founder’s sister is making headlines.
Randi Zuckerberg recently joined the advisory board at a major cryptocurrency exchange. The news came to light through a press release that announced that Huobi is assigning an expert advisory team for their exchange. The board also consists of Jihan Wu, the CEO of Bitmain, the crypto mining giant. Notably, Huobi is one of the largest cryptocurrency exchanges in the world.
Wu and Randi will focus on Huobi’s Public Chain system. In fact, the company has even organized a competition for the same. The project is geared towards providing individuals and organizations with a reliable financial protocol. This protocol includes fundraising, securities and more. Since this project is based on a decentralized P2P network, anyone can join and participate in the project.
Randi Zuckerberg is a Harvard graduate and has worked at Facebook for over six years. She has also founded Zuckerberg Media and is the Editor-in-Chief of Dot Complicated. She is also known for creating of Dot, an animated TV show. Among all her accolades, Randi has also been nominated for an Emmy and was among the “50 Digital Power Players” in a list by the Hollywood Reporter back in 2010.
Mark Zuckerberg, the founder, and CEO of Facebook has also expressed his interest in blockchain technology and cryptocurrencies. He had recently put up a Facebook post stating that he is looking to delve deep into the positive and negative aspects of cryptocurrencies. This would allow him to fix some prominent issues at Facebook.
A few months ago, Facebook launched a blockchain division for its company which is being led by the former PayPal president David Marcus. David was also the former head of Facebook messenger. He also stepped down from his position as Coinbase board member amid conflicts in interest.
Even though this news shows Facebook’s interest in cryptocurrencies and blockchain technology, back in January, the company had banned all advertisements related to cryptocurrencies. The company, however, reversed its decision in July and allowed certain pre-approved advisors to be featured on its site.