Randi Zuckerberg, the elder sister of Facebook founder Mark Zuckerberg, has joined the advisory board of cryptocurrency exchange Huobi to develop Huobi’s new public blockchain, according to a recent press release. Zuckerberg, who worked at Facebook for over six years, is also the founder and CEO of Zuckerberg Media.
Huobi launched Huobi Chain Project (HCP) in June 2018 in order to build a next-generation self-regulating and decentralized financial platform. As the announcement then stated, the project aims to “provide both individuals and organizations with a reliable financial protocol for value exchange, fundraising, securitization and more.”
Facebook has made quiet inroads into the blockchain space. In May, the company formed a “small group to explore how to best leverage blockchain across Facebook, starting from scratch,” as the head of Facebook’s messaging app Messenger, David Marcus shared in a post on his personal page.
In June, Facebook reversed its crypto advertising ban, which had been in effect since January of this year. The new policy requires advertisers of cryptocurrency products and services to submit an application to allow Facebook to assess their eligibility. Applicants must include “any licenses they have obtained, whether they are traded on a public stock exchange, and other relevant public background on their business.”
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