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

New Thai party leaders report to police over online charge

Sep 22, 2018

BANGKOK — Leaders of a new Thai political party that strongly opposes military rule appeared before police Monday to hear charges over a Facebook video broadcast that authorities allege violated the law. Future Forward party leader Thanathorn Juangroongruangkit said he and the two other party members asked to submit written statements to police in 45 days and refused to provide statements because it was the first time they had seen details of the charge. Acting on a complaint filed by the ruling junta, police in August charged the three with violating a section of the law that makes it a...

Vietnam's capital urges residents to stop eating dog meat

Sep 22, 2018

HANOI, Vietnam — Authorities in Vietnam's capital are urging residents to stop eating dog meat because it hurts the city's image and improper raising and slaughtering of the animals could spread rabies. For many Vietnamese, dog meat is a delicacy that is thought to increase stamina. Hanoi Vice Mayor Nguyen Van Suu said in a message published Tuesday on the city's website that slaughtering and consuming dog and cat meat are disturbing to foreigners and "negatively impact the image of a civilized and modern capital." Suu instructed local governments to raise awareness of the risk of rabies when raising dog...

Wildlife group: Exotic pets trade activity rises on Facebook

Sep 22, 2018

BANGKOK — A wildlife monitoring group says research it has conducted since 2016 has found a sharp increase in the number of people belonging to Facebook groups in Thailand where endangered animals are bought and sold. The monitoring network TRAFFIC said its researchers found 1,521 animals for sale online in 12 Facebook groups in Thailand in less than a month of monitoring in 2016. Follow-up research on the same 12 groups showed that at least nine were still active in July this year, with one becoming secret, and their overall membership had increased to 203,445 from 106,111. Maethinee Phassaraudomsak, data...

Thai cave boys feted by prime minister in trip to capital

Sep 22, 2018

BANGKOK — It was show time Thursday for the 12 boys and their 25-year-old soccer coach who were trapped for almost three weeks in a flooded cave in northern Thailand as they spoke at a public exhibition in one of Bangkok's largest malls. That was just the start of the day for the small-town kids in the big-city capital. Later they were guests of honor at a gala outdoor reception hosted by Prime Minister Prayuth Chan-ocha and his wife that honored those involved in the dangerous and dramatic rescue of the members of the Wild Boars soccer team. The exhibition,...

Bach: No Olympic future for esports until 'violence' removed

Sep 22, 2018

JAKARTA, Indonesia — International Olympic Committee President Thomas Bach isn't certain if, or when, esports might be incorporated into the Olympic Games. But he was clear in an interview with The Associated Press at the Asian Games on Saturday about the need to meet some conditions before being considered. "We cannot have in the Olympic program a game which is promoting violence or discrimination," he told the AP. "So-called killer games. They, from our point of view, are contradictory to the Olympic values and cannot therefore be accepted." Esports is being held for the first time at the Asian Games...

Search

Sign up now!

About Us

Suara KL brings amazing Travel news for tourist to witness Beautiful Malaysia and hear the wonderful sounds of this country.

Contact us: sales[at]suarakl.com