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

More News From The Witness Daily

The Latest: Trump again calls Russia commotion 'a big hoax'

Jul 23, 2018

BRIDGEWATER, N.J. — The Latest on President Donald Trump and the probe of possible Russian interference in the 2016 elections. (all times local): 9:05 p.m. President Donald Trump has returned to referring to the commotion over Russia as "a big hoax" after a week of drama, back tracking and a double negative about his attitude toward Russian election interference. In a Sunday tweet, the president diminished at least the significance, if not the existence, of the interference and the U.S. investigation into Russia's actions. Trump spent days trying to reassure the country that he accepts that the longtime foe interfered...

After a week of walkbacks, Trump returns to Russia doubting

Jul 23, 2018

WASHINGTON — Capping a week of drama, back tracking, a double negative and blistering statements from allies about his attitude toward Russian election interference, President Donald Trump on Sunday was back to referring to "a big hoax." Trump spent days trying to reassure the country that he accepts that the longtime foe interfered in the 2016 election after his public undermining of U.S. intelligence agencies in Helsinki while standing alongside Russian President Vladimir Putin. But Trump cast doubt once again in a Sunday tweet, diminishing at least the significance, if not the existence, of the interference and the U.S. investigation...

Gunman in Trader Joe's standoff was feuding with grandmother

Jul 23, 2018

LOS ANGELES — A feud between a man and his grandmother over his girlfriend staying at the grandmother's home exploded into violence that ultimately led to him taking dozens of people hostage inside a Los Angeles supermarket, a relative said Sunday. Investigators believe Gene Evin Atkins, 28, shot his grandmother several times and wounded his girlfriend at their South Los Angeles home on Saturday afternoon before he led police on a chase, while exchanging gunfire with officers, crashed into a pole outside the Trader Joe's in the city's Silver Lake section and ran inside. Atkins was booked Sunday on suspicion...

Weather suspends fourth round of Barbasol Championship

Jul 23, 2018

NICHOLASVILLE, Ky. — A thunderstorm has suspended the fourth round of the PGA Tour's Barbasol Championship until Monday morning. Sunday's third stoppage of play at Champions Trace at Keene Trace Golf Club came with the four leaders — Hunter Mahan, Robert Streb Tom Lovelady and Troy Merritt at 18-under par — and four other contenders waiting to begin the round. The tournament will resume at 7:30 a.m. on Monday. Lightning caused one delay, and play was stopped earlier in the afternoon to clear water that accumulated on the course following a morning of steady and sometimes-heavy rain. Inclement weather has...

Bell chimes 17 times at memorial for Branson boat victims

Jul 23, 2018

BRANSON, Mo. — The 17 people killed when a tourist boat sank in a Missouri lake were remembered Sunday during a service attended by around 200 people in the tourism community of Branson. A church bell at Williams Chapel at College of the Ozarks chimed 17 times for those who died Thursday at Table Rock Lake, the Joplin Globe reported. "Today we honor the 17 lives that were lost," said Branson Mayor Karen Best. "We honor the 14 survivors. And we honor the many heroes who did everything in their power to save lives." The service was held at the...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH