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

Tourists enjoy final day at beach before Boracay closure

Apr 25, 2018

BORACAY, Philippines — Tourists are spending their final hours on Boracay, enjoying the Philippine island's famed white-sand beaches before it closes for up to six months to recover from overcrowding and development. Philippine President Rodrigo Duterte described the waters off Boracay as a "cesspool" before ordering the closure. But on Wednesday, one Australian visitor said the island had one of the cleanest beaches he's seen. "I don't really understand too much about what's going on, about the sewage problem . because when I look out there, I see one of the cleanest beaches I've ever seen in my life, and...

Sweden's king, Japan's emperor mark 150 years of diplomacy

Apr 25, 2018

TOKYO — Sweden's King Carl XVI Gustaf and Japan's Emperor Akihito attended a special exhibit on Swedish natural sciences in Tokyo on Monday to mark 150 years of diplomacy between the countries. The king and Queen Silvia accompanied Akihito and Empress Michiko at the exhibition featuring three key Swedish scientists from the 18th century who have influenced Japan, including Carl Linnaeus, who set the basis of a systematic scientific classification. Akihito, a marine biologist specializing in gobies, was awarded an honorary degree in 2007 for his research from the university where Linnaeus studied. Japan's NHK television said Akihito was fixated...

Kim Jong Un turns to his wife and sister to soften his image

Apr 25, 2018

TOKYO — North Korean leader Kim Jong Un appears to be trying out a new tactic to boost the image of his authoritarian regime — he's putting the spotlight on the women in his life. Over the past few months, Kim has increasingly shared the stage with his younger sister, who became an instant celebrity as his envoy to the Pyeongchang Winter Olympics, and his wife, a former singer in her late 20s. For sure, there is only one star of the show in North Korea, and that is Kim himself. But the greater public role for Kim Yo Jong,...

Malaysia declares May 9 election day a holiday after outcry

Apr 25, 2018

KUALA LUMPUR, Malaysia — The Malaysian prime minister on Wednesday declared voting day on May 9 a public holiday after a decision to hold elections on a workday triggered complaints that it would deter mainly opposition supporters. The surprise move is seen as a bid to ease public anger a day after the Election Commission announced that voting will be held on a Wednesday, departing from the norm of having it on a weekend. The weekday vote triggered a flurry of complains that it would deter thousands of Malaysians from returning to their hometown to vote. Some companies responded by...

Studio Ghibli co-founder, director Isao Takahata dies at 82

Apr 25, 2018

TOKYO — Isao Takahata, co-founder of the prestigious Japanese animator Studio Ghibli that stuck to a hand-drawn "manga" look in the face of digital filmmaking, has died. He was 82. Takahata started Ghibli with Oscar-winning animator Hayao Miyazaki in 1985, hoping to create Japan's Disney, and helped shape the style and voice of what became one of the world's most respected animation studios as well as this nation's prized cultural export. He directed "Grave of the Fireflies," a tragic tale about wartime childhood, and produced some of the studio's films, including Miyazaki's 1984 "Nausicaa of the Valley of the Wind,"...

Sign up now!

About Us

Gempak Media delivers the most talked and gempak stories on the Internet to you. Be the first to know about the latest news and don’t forget to share it around.

Contact us: sales[at]gempakmedia.com

Subscribe Now!