HomeBlockchain TechnologyKarushchain Hires "Bitcoin Man" Herbert Sim

Karushchain Hires “Bitcoin Man” Herbert Sim

Date:

Related stories

Polygon Labs Acquires Third ZK Startup, Taking Its ZK Investments to over $1 Billion

Polygon Labs has acquired Toposware, a Zero-Knowledge (ZK) startup,...

Aptos Labs and Microsoft Team Up in the Name of Blockchain

Microsoft has teamed up with layer-1 blockchain firm Aptos...

Survey: Blockchain Jobs Are Becoming Much More Common

Blockchain is arguably becoming one of the most innovative...
spot_imgspot_img

Karuschain – a blockchain company that seeks to connect distributed ledger technology to the world of precious metals – has hired the “Bitcoin Man,” Herbert R. Sim, as its latest adviser and investor.

Karuschain Mixes Blockchain with Precious Metals

In a statement, the company’s CEO Richard Verkley announced:

We are pleased to have ‘the Bitcoin Man’ himself coming in as a lead investor, and simultaneously as a key adviser. His years of experience in the blockchain and cryptocurrency industry will prove invaluable to Karuschain’s global ambitions and help bring focus and a gateway to Asia, the world’s largest gold market, creating tremendous value for both the company and investors alike.

The news comes just days after Karuschain stated that it would be delaying its IEO until after the World Blockchain Summit in Dubai. At that time, the company was stating that it would soon announce a “high profile global blockchain investor” who at press time, we can only assume is Sim.

Herbert himself offered a few words on the subject and discussed his joy over becoming a member of the Karuschain family. He explained:

Karuschain’s blockchain project is unlike the thousands of others in the industry I have seen thus far. The project brings together a complete supply chain solution for the precious metals mining industry utilizing blockchain technology. It gives mining companies a powerful tool to safeguard human rights while at the same time, reducing risks and improving environmental regulations in their supply chains.

Sim got his start in the cryptocurrency industry by founding what’s come to be known as Crypto Chain University in 2010. The establishment is a storehouse for some of the world’s leading whitepapers centered around crypto and blockchain projects and companies.

In addition, Sim began a website in 2016 called TheBitcoinMan.com, which is arguably how he got his nickname. The site simply lists all the crypto and blockchain ventures Sim has invested in.

Verkley added to his statement by saying:

At Karuschain, we pride ourselves on working with the best. It’s how we’ve created a world-class blockchain implementation company, with a moral compass for the mining industry, with an incredible real-world asset. This has been achieved quickly through partnering with the best of the best in the industry like Mine RP, JPMC Mining Consulting and now by bringing Herbert aboard.

Making Sure Everything Is Ethical

As a leading blockchain firm, Karuschain provides tools to companies mining precious metals so that they can regulate and better monitor all their extraction projects. The firm boasts nearly 300 individual employees that have experience in either the precious metals or blockchain industries.

The main goal of the firm is to ensure human rights are not violated. Thus, through the company’s blockchain services, mining enterprises can source all their goods to ensure they are obtained through legal means.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img