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 dailyxtreme.com

Australian Open: A look ahead to Tuesday and recap of Monday

Jan 22, 2018

MELBOURNE, Australia — A glance at the Australian Open: LOOKAHEAD TO TUESDAY It's the start of quarterfinals at Melbourne Park, and no one has a tougher task than Marin Cilic, who plays top-seeded Rafael Nadal. Nadal has won five of six matches against the hard-serving Croatian, including at the 2011 Australian Open, where Nadal won in straight sets in the fourth round. That's the only previous time the pair have met in a Grand Slam. Cilic, who won the 2014 U.S. Open, isn't overawed by Nadal. "Generally, throughout my career, I know that if I'm playing well, if I'm top...

No quarter a given: Djokovic, Thiem out; Chung, Sandgren in

Jan 22, 2018

MELBOURNE, Australia — Even by Australian Open standards, back-to-back shockers have resulted in a most unexpected quarterfinal. The season-opening Grand Slam has a tendency to be unpredictable, but losing six-time champion Novak Djokovic and fifth-ranked Dominic Thiem within a few hours on Monday leaves Hyeon Chung and Tennys Sandgren playing for a spot in the semifinals. The 58th-ranked Chung relentlessly attacked a clearly injured Djokovic in a 7-6 (4), 7-5, 7-6 (3) fourth-round victory, becoming the first South Korean to reach the last eight at a Grand Slam. Then there's Tennys. The 26-year-old from Tennessee had never won a Grand...

The Latest: Pliskova to face Halep in Australian Open QF

Jan 22, 2018

MELBOURNE, Australia — The Latest on Monday from the Australian Open (all times local): 1:35 a.m. Sixth-seeded Karolina Pliskova has advanced to the Australian Open quarterfinals with a 6-7 (5), 6-3, 6-2 win over No. 20 Barbora Strycova. Pliskova clinched the match on her third match point when fellow Czech Strycova, who was serving, hit a backhand long. Pliskova will play top-seeded Simona Halep in the quarterfinals. ____ 10:30 p.m. Six-time champion Novak Djokovic is out of the Australian Open, beaten 7-6 (4), 7-5, 7-6 (3) in the fourth round by Hyeon Chung, a 21-year-old South Korean ranked 58th. The...

Kyrgios upbeat despite falling short yet again at home Slam

Jan 22, 2018

MELBOURNE, Australia — After Nick Kyrgios dropped the first two sets to Grigor Dimitrov in their tense, back-and-forth fourth-round match at the Australian Open, a spectator called out to him as he dejectedly walked back to the service line, "Pick your head up." Kyrgios literally did lift his head for a moment, generating a laugh from the packed Rod Laver Arena audience. He also picked up his spirits — and his game — and slowly clawed his way back into the match. As tends to be the case with Kyrgios, however, his focus soon wavered. Dimitrov won the match 7-6...

Nadal, Dimitrov advance to Australian Open quarterfinals

Jan 22, 2018

MELBOURNE, Australia — After snuffing out local hopes for yet another Australian Open, Grigor Dimitrov huddled with Nick Kyrgios at the net and the pair exchanged encouraging words. It was Kyrgios, having just lost 7-6 (3), 7-6 (4), 4-6, 7-6 (4) in the fourth round in a typically tempestuous performance, who left No. 3-ranked Dimitrov with this message: "Believe." Dimitrov has never won a major, coming closest here last year before losing a semifinal to Rafael Nadal in five sets, but is enhancing his credentials as a next generation champion. Nadal secured his spot in a 10th Australian Open quarterfinal...