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

Kurtag's first-ever opera makes long-awaited world debut

Nov 19, 2018

MILAN — Hungarian composer Gyorgy Kurtag's long-awaited, first-ever opera has made its world debut at the famed La Scala opera house, winning over Italian opera goers with eight minutes of applause. Hungarian Prime Minister Viktor Orban was in the royal box for Thursday's premiere of "Fin de Partie," based on the play by Samuel Beckett. Orban's comment as he left the theater: "Astonishing." The 92-year-old Kurtag spent more than eight years writing the opera. La Scala General Manager Alexander Pereira has been waiting since his days at the Zurich Opera House and then the Salzburg Festival to stage it. Backstage,...

Ronaldo scores 2 as Juventus fights back to beat Empoli 2-1

Nov 19, 2018

MILAN — Juventus missed Mario Mandzukic and Giorgio Chiellini. It got by with Cristiano Ronaldo. Ronaldo scored twice as Juventus came from behind to win at relegation-threatened Empoli 2-1 on Saturday and maintain its unbeaten start in Serie A. His first was a perfectly placed penalty, and his second was a magnificent 20-yard strike, which his coach Massimiliano Allegri called "a moment of magic." "Those types of moves should be shown to kids in football academies rather than boring them with theory and tactics," Allegri said. "Tomorrow, so many of them will go out and try to imitate the feat...

Jailed Ukrainian filmmaker Oleg Sentsov wins EU rights award

Nov 19, 2018

BRUSSELS — The European Union on Thursday awarded its top human rights prize to Oleg Sentsov, a Ukrainian filmmaker imprisoned in Russia accused of plotting acts of terrorism, calling him a symbol of all political prisoners being held there. Sentsov was sentenced to 20 years in prison in 2015 for conspiring to commit acts of terrorism, charges he denies. He has been one of the most vocal opponents of Russia's annexation in 2014 of his native Crimea region of Ukraine. The 42-year-old director staged a hunger strike for 144 days to protest the incarceration of dozens of Ukrainians in Russia....

Gilberto Benetton, a founder of fashion brand, dies at 77

Nov 19, 2018

MILAN — Gilberto Benetton, one of the four founding siblings of the iconic Benetton fashion brand known as much for its provocative ad campaigns as its colorful knitwear, died Monday evening at age 77, his family announced. The family said Benetton's wife, Lalla, two daughters, Barbara and Sabrina, and son-in-law Ermanno were by his side at his home in the northern city of Treviso, near where the fashion company is based. The news agency ANSA said he had suffered an undisclosed illness. . Gilberto, along with siblings Carlo, Luciano and Giuliana, founded Benetton as knitwear company in 1965, transforming it...

Instagram users get free sushi in Milan with proof of posts

Nov 19, 2018

MILAN — A Milan sushi bar has come up with a new electronic payment method that is based on a currency more valuable than cash in some quarters. "This Is Not A Sushi Bar" is offering free meals to people with 100,000 or more Instagram followers. In return, users of the social media service must present an Instagram post that includes a restaurant hashtag and a photo. Owner Matteo Pittarello said he hoped the offer would attract millennials as patrons and create "2.0 word-of-mouth that could make our brand strong and viral." Italian fashion blogger Clizia Incorvaia had a free...

Search News

Sign up now!