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

Australian golfer Jarrod Lyle dies after long cancer battle

Aug 14, 2018

MELBOURNE, Australia — With a contagious smile, a sense of humor and a deep determination to keep playing golf, Jarrod Lyle endeared himself to people around the world during a long struggle against cancer. The 36-year-old Australian golfer died Wednesday night at his home near Melbourne among family and close friends, the week after opting to forego further treatment and enter palliative care. "It breaks my heart to tell everyone that Jarrod is no longer with us," his wife, Briony Lyle, said in a statement released by Golf Australia on Thursday. "He asked that I provide a simple message: 'Thanks...

Brazil rushes to thwart measles outbreak from Venezuelans

Aug 14, 2018

RIO DE JANEIRO — Brazilian health workers on Monday moved to stem an outbreak of measles being brought by Venezuelans, many famished and sick, who have fled their homeland amid economic and political turmoil. The initiative follows a measles outbreak that has affected more than 1,000 people and killed five children, coming shortly after the disease was eradicated in 2016. The measles cases are mostly concentrated in the northern states of Amazonas and Roraima, where thousands of Venezuelan refugees are crossing the border and trying to rebuild their lives. Many are sick and haven't been immunized, as their country's health...

Brazil's top court wrestles with abortion at special hearing

Aug 14, 2018

RIO DE JANEIRO — Supporters and opponents of legalizing abortion testified Friday in front of Brazil's top court, an extraordinary session at a time when strengthening women's movements are pushing against often decades-old laws in South America. The first of two expected hearings at the Supreme Federal Tribunal came just days before Congress in neighboring Argentina was expected to vote on landmark legislation that would radically alter abortion laws in the homeland of Pope Francis. In Brazil, a deeply conservative nation that is home to the world's largest population of Catholics and fast-growing evangelical faiths, abortion is illegal and comes...

US art collector returns 12 ancient artifacts to Thailand

Aug 14, 2018

BANGKOK — A private American collector has returned a dozen ancient artifacts to Thailand as the Southeast Asian country presses for other treasures that were taken abroad to be given back. Culture minister Vira Rojpojchanarat said the artifacts were given by Katherine Ayers-Mannix to the Thai Embassy in Washington, D.C., which shipped them back to Thailand. The items are believed to have mostly come from a prehistoric civilization dating back more than 4,000 years that was centered around Ban Chiang, in what is now Thailand's northeastern province of Udon Thani. Vira, speaking Thursday at a news conference in Bangkok, said...

Law ending sperm donor secrecy helps Australian find her dad

Aug 14, 2018

MELBOURNE, Australia — For Peter Peacock, fate arrived in the form of a registered letter. The letter, at least initially, looked to be a bit of a letdown. Peacock had gone to the post office expecting the delivery of a big, furry aviator jacket he'd ordered online. And so it was with little fanfare that the Australian grandfather and retired cop tore the envelope open as he walked back to his car — at which point he stopped dead in his tracks. "Dear Mr Peacock," the letter began. "The Victorian Assisted Reproductive Treatment Authority (VARTA) has received an enquiry of...

Diver Haven is brought to you by a team of tech-savvy diving enthusiasts. Diver of all walks of life be it recreational to professional, scuba or freedivers are always welcome.

Contact us: sales[at]diverhaven.com