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

UK lawmakers call on Zuckerberg to appear before them

Apr 27, 2018

LONDON — The U.K. parliament's media committee demanded Facebook CEO Mark Zuckerberg appear before the panel after lawmakers said the senior executive who testified Thursday failed to fully answer their questions about the data protection scandal that has engulfed the company. Committee members didn't hide their frustration with Facebook's chief technical officer, Mike Schroepfer, who was forced to defend the company against suggestions that it was cavalier with user data and has done little to stem the spread of fake news. Facebook dispatched the unassuming engineer to London despite a previous request for Zuckerberg to appear. During a four-hour plus...

Facebook launches transparency tool before Irish referendum

Apr 27, 2018

LONDON — Facebook is launching a pilot program in Ireland ahead of a referendum on abortion which it hopes will ensure greater transparency in political advertising. The tool, which is also being tested in Canada, follows a scandal involving the political consultant Cambridge Analytica that has stoked concerns about privacy on the social network. One of the allegations in the Cambridge Analytica scandal was that data from millions of Facebook users was used to help micro-target political ads to select groups— meaning that only those most susceptible to the message would see the advertisements. The new tool being launched Wednesday...

Cambridge Analytica fights back on data scandal

Apr 27, 2018

LONDON — Cambridge Analytica unleashed its counterattack against claims that it misused data from millions of Facebook accounts, saying Tuesday it is the victim of misunderstandings and inaccurate reporting that portrays the company as the evil villain in a James Bond movie. Clarence Mitchell, a high-profile publicist recently hired to represent the company, held Cambridge Analytica's first news conference since allegations surfaced that the Facebook data helped Donald Trump win the 2016 presidential election. Christopher Wylie, a former employee of Cambridge Analytica's parent, also claims that the company has links to the successful campaign to take Britain out of the...

Royal wedding dress: Will Meghan go trendy or classic?

Apr 27, 2018

LONDON — A dramatic ball gown, or a classic, simple silhouette? Sleeves, or bare shoulders? With less than a month to go until she marries Prince Harry at Windsor Castle on May 19, Meghan Markle most likely has already chosen her wedding dress — though what it looks like is expected to remain a top secret until the last minute. Whoever the designer might be, Markle's shopping experience is sure to be vastly different from most brides out there. London's most upscale bridal retailers explain what it really takes to create a luxury gown fit for a royal wedding, and...

Syrian migrants bring traditional Arab dance to Berlin

Apr 27, 2018

BERLIN — With stomping feet, swinging hips, a drumbeat and lots of laughter, two Syrian migrants lead a group of Germans and others in traditional Arab dance at a Berlin studio to share part of their culture with the country that took them in. The dance workshops were initiated by Medhat Aldaabal and Ali Hasan, both Syrians who came to Germany as part of a huge wave of asylum-seekers. "We can say that we are Berliners now," Hasan said. "We have been here for two or three years and we know people and even the language. So we think it...

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!