Mark Zuckerberg’s Sister Signs on to Serve on Huobi Chain Advisory Committee

Cryptocurrency exchange Huobi sent a “friend request” to a member of the Zuckerberg clan, and that friend request has been accepted.

This is after Randi Zuckerberg, the elder sister to the founder of Facebook, Mark Zuckerberg, was unveiled as a member of Huobi Chain Expert Advisory Committee. The serial entrepreneur and author is currently the CEO of Zuckerberg Media, a New York-based content creation firm she founded five years ago.

Zuckerberg will join seven other experts on the committee, which is designed to serve as a think tank for the digital asset trading platform. Notably, the Huobi Chain Expert Advisory Committee will provide professional advice as well as support during the Huobi Chain Superhero Championship Program’s election phase. The Huobi Chain Superhero Championship Program was launched a little over two months ago as a way of enhancing community participation in the development of Huobi’s planned public blockchain.

Governance and Development of the Huobi Blockchain

Additionally, the Huobi Chain Expert Advisory Committee will offer the digital asset exchange counsel with regards to the governance and development matters of Huobi Chain.

Besides Zuckerberg, other experts on the advisory committee include investor and bitcoin evangelist, Jeffrey Wernick, and the co-founder and CEO of bitcoin mining giant Bitmain, Jihan Wu.

TIP

Though she currently holds no position at Facebook, the Harvard-educated professional was an early employee of the social media giant, serving as a spokesperson and a marketing director. With Facebook already having launched a blockchain initiative there will thus be no appearances of conflict of interest, like was the case with the social media giant’s blockchain head, David Marcus, who had to quit his position as a board member of Coinbase recently.

Facebook Eyes Blockchain

As CCN reported earlier this month, Marcus tendered his resignation from the board of the cryptocurrency exchange on the grounds that it was the “appropriate” thing to do.

The launch of Facebook’s blockchain division in May this year came on the back of the social network’s founder having stated his intentions to study decentralized ledger technologies with a view of potentially fixing the platform’s myriad problems this year.

So far, Facebook has released few details regarding its blockchain initiative. This has given room for speculation with the most recent being that the social media giant was considering forking the Stellar blockchain. However, the Silicon Valley giant refuted the reports, as CCN reported.

“We are not engaged in any discussions with Stellar, and we are not considering building on their technology,” a Facebook spokesperson said at the time.


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Author: Mark Emem
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South Carolina Ends Cease & Desist Orders Against Crypto Startups

South Carolina’s securities regulator has ended cease-and-desist orders against two blockchain startups, public documents revealed Thursday.

The South Carolina Attorney General’s office, which oversees securities regulation in the state, published two orders explaining that a cease-and-desist filed against blockchain startup ShipChain in May was vacated, and another complaint filed against mining firm Genesis Mining in March removed the company as a respondent. The moves mark the first time such orders were dropped against blockchain startups in the state.

The regulator had claimed that ShipChain’s tokens and Genesis Mining’s mining contracts were both unregistered securities. ShipChain pushed back against this claim in May, saying in a statement that the firm did “not believe [its] tokens are securities.” Furthermore, ShipChain claimed it was unaware South Carolina residents could purchase its SHIP tokens.

On Thursday, deputy securities commissioner Tracy Meyers wrote “the Securities Division of the Office of the Attorney General of the State of South Carolina, after receiving information regarding matters detailed in the Administrative Order to Cease and Desist issued … upon due consideration of such information, finds good cause has been shown to vacate the [order],” referring to ShipChain.

Similarly, Genesis Mining was dismissed from a its own cease and desist order. Swiss Gold Global, which was charged with acting as an unregistered broker-dealer for Genesis Mining at the same time, was not dismissed from the order.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Nikhilesh De
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