Cascadia Announced Major Breakthrough In Blockchiain Industy

Canada has achieved yet another world’s first title in the Blockchain industry with the world’s first private placement entirely in Bitcoin

Vancouver, Canada - January 13, 2018 /PressReleaseAgency/ —

In addition to having the titles of the world’s first Bitcoin ATM and the world’s first reversed take-over transaction in the blockchain industry, Canada has once again secured its leadership with yet another world’s first title in the blockchain industry.  This time the historical milestone was made by Cascadia Consumer Electronics Corp. Cascadia, a Canadian publicly listed company in transition to the blockchain and fintech sectors.  Cascadia announced the completion of 425 bitcoin private placement, valued at US$ 6.12 million or C$7.71 million in total, on December 29, 2017, just one short week after its initial announcement of such plan.

“The lightning speed of execution is in-line with the pace of development in the blockchain industry. This historical milestone was made possible by a team of our internal staff and external advisors who have shown their dedication and capabilities to address various regulatory, legal and technical hurdles. This also showcases the high level of enthusiasm and support from the industry investors. Cascadia will be able to accelerate our transition and expansion into the blockchain and fintech sectors, pending approval from CSE on our proposed business change.” said Rachel Wang, Chief Executive Officer of Cascadia in the company’s press release announcing the completion of the private placement. According to Cascadia’s public filing, several well-known Asian institutional investors specialized in the blockchain and cryptocurrency sectors, such as FBG Capital, BitCapital, ChainFunder, Qtum, Nebulas, aelf participated in this round of Cascadia’s private placement.

In recent years, many new start-ups are using ICOs (or “Initial Coin Offerings”) to raise the necessary capital.  However, cryptocurrencies seem not very commonly used or accepted in the traditional capital market.  The Cascadia’s financing round entirely on cryptocurrencies is really the first time where there is a cross-over between the new fintech sector and the traditional capital market, proving that these two are not necessarily mutually exclusive from each other.

Cryptocurrencies is considered as a new form of digitalized representation on values of a project, a business, an asset or individual’s and institution’s wealth. This cross-over will have significant impact on the traditional capital market because the completion of a financing round entirely with cryptocurrencies by a publicly listed company will attract many others to follow. This will not only increase the additional investment and funding sources for publicly listed companies under the traditional capital market, but also widely broaden the investment opportunities available to cryptocurrency holders.  It is not difficult to imagine that this is just the beginning of a new era and in the foreseeable future, it is likely to see more innovative and creative transaction structure involving both the traditional capital market and the new fintech sector.

Contact Info:
Name: Garry Wong
Organization: Cascadia Consumer Electronics Corp

For more information, please visit http://www.globalnewsonline.info/canada-has-achieved-yet-another-worlds-first-title-in-the-blockchain-industry-with-the-worlds-first-private-placement-entirely-in-bitcoin/

Source: PressReleaseAgency

Release ID: 286681

Latest News

Bob Mackie's designs for Cher, Carol Burnett up for auction

Aug 18, 2018

LONDON — Bob Mackie-designed outfits worn by Cher, Carol Burnett, Diana Ross and other celebrities are going up for auction. Nine-time Emmy Award winner Mackie designed the wardrobe for "The Carol Burnett Show" and has been creating outrageous outfits for Cher for decades. The sale includes a marigold jumpsuit worn by Cher on "The Sonny and Cher Comedy Hour" and a scarlet satin gown from the "Cher" show. There are also dresses won by Lauren Bacall, Raquel Welch and other celebrities. Mackie says, when designing for stars, "I always try to enhance the image that they already have." "You don't...

Museum of London displays fatberg on 24-hour livestream

Aug 18, 2018

LONDON — London's famous, festering fatberg lives on — and is getting its own livestream . The Museum of London says a chunk of oil, fat, diapers and baby wipes blasted out of a sewer last year is now part of its permanent collection. The museum said Tuesday that the "highly toxic" lump will be stored in a secure case and displayed online via a "fatcam" so that viewers can watch its changes. The fatberg was on display at the museum for several months this year, nestled inside transparent boxes to protect visitors from potentially deadly bacteria and the noxious...

His name is Idris Elba, but will he be first black Bond?

Aug 18, 2018

LONDON — British actor Idris Elba is stoking speculation he may take over the role of James Bond when Daniel Craig steps aside, offering an enigmatic Twitter post that fueled the buzz about him becoming the first black Bond. The star of shows such as "The Wire" and "Luther" on Sunday posted an artistic selfie under the words "my name's Elba, Idris Elba," echoing the spy's famous catchphrase. American film producer Antoine Fuqua stoked long-running speculation about Elba taking on the role last week, when he told Britain's Daily Star that Bond movie boss Barbara Broccoli had said "it is...

Guardiola tells Mendy to tweet less; defender replies online

Aug 18, 2018

LONDON — Benjamin Mendy enthralls and infuriates Manchester City manager Pep Guardiola. "Mendy has a lot of things to improve," Guardiola said after City's 2-0 Premier League victory at Arsenal on Sunday. "Hopefully we can convince him to be calm, to forget a little bit the social media and focus on what he has to do." The defender had an immediate reply to Guardiola's comments in the post-match news conference. Via Twitter, of course. After an Associated Press reporter tweeted Guardiola's comments, Mendy replied: "Oops" accompanied by three crying laughing emoji. The France defender tweeted to the club account, "I...

UK Conservatives to investigate Boris Johnson burqa comments

Aug 18, 2018

LONDON — Former British Foreign Secretary Boris Johnson is facing a Conservative Party investigation over a column comparing women who wear face-covering veils to mailboxes and bank robbers. The party has received complaints that the comments breach its code of conduct, and under Conservative rules they must be investigated by an independent panel. Possible penalties include expulsion from the party. The party confirmed it had received complaints but declined to give details Thursday, saying that the process is confidential. The Conservative code of conduct says members should "lead by example to encourage and foster respect and tolerance." Johnson, who quit...

About Us

Kayak Away aims to bring the latest news, techniques, destinations, and stories that inspire you to get on the water. We are all here together to share all the awesome tips and tricks to kayak.

Contact us: sales[at]kayakaway.com

Subscribe Now!