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 Morning Dispatcher

Iraqi town fearful as battle against IS rages next door

Nov 21, 2018

QAIM, Iraq — More than a year after the Iraqi town of Qaim was freed from the Islamic State group, booms from airstrikes still echo and columns of smoke rise beyond the berms and concrete walls marking the border with Syria. There, on the other side, the fight is raging to capture one of the militants' last enclaves. Iraqi troops and Shiite militiamen outside Qaim watch over a giant earth barricade topped with barbed wire that runs along the long, featureless desert border, trying to prevent IS infiltration. Iraqi artillery and U.S.-led coalition warplanes bombard IS positions inside Syria, while...

Prominent separatist leader killed in Indian Kashmir

Nov 21, 2018

SRINAGAR, India — Assailants on Tuesday killed a prominent separatist leader in Indian-controlled Kashmir, officials and residents said, as anti-India protests and clashes followed a gunbattle that killed four rebels and an army commando in the disputed region. Fighting began early Tuesday after police and soldiers cordoned off a village on a tip that militants were hiding in a civilian house, said army spokesman Col. Rajesh Kalia. He said militants ignored calls of surrender and fired at the soldiers and in the exchange the four were killed. Police said one soldier from India's special forces unit was killed and two...

Yemeni rebels say they will halt rocket fire at Saudi Arabia

Nov 21, 2018

SANAA, Yemen — A senior leader of Yemen's Shiite rebels said on Monday that the group will halt rocket fire into Saudi Arabia for the sake of peace efforts, answering a key Saudi demand in the first public sign of hope for the latest push to stop the bloodshed and civilian suffering in the Arab world's poorest country. For the past three years, a U.S.-backed, Saudi-led coalition has been waging war against the rebels, known as Houthis, to restore Yemen's internationally recognized government to power. The rebels say they had been excluded from that government and took power to rectify...

Taliban hold talks with US envoy in Qatar

Nov 21, 2018

ISLAMABAD — The Taliban have held three days of talks with U.S. envoy Zalmay Khalilzad in the Gulf state of Qatar, where the Afghan insurgent group has a political office, a Taliban official and another individual close to the group said Sunday. Without referring explicitly to the talks in Qatar, Khalilzad told a news conference Sunday in the Afghan capital Kabul "I am talking to all interested parties, all Afghan groups... and I think there is an opportunity for reconciliation and peace." "The Afghan government wants peace," he said. "The Taliban are saying they do not believe they can succeed...

Sri Lanka president rejects no-confidence on disputed PM

Nov 21, 2018

COLOMBO, Sri Lanka — A spokesman says Sri Lanka's president has refused to accept the no-confidence motion passed by parliament against the disputed prime minister Mahinda Rajapaksa. Parliament on Friday passed the second no-confidence motion against Rajapaksa, who was appointed by President Maithripala Sirisena on Oct. 26 after Sirisena sacked former Prime Minister Ranil Wickremesinghe. Rajapaksa's appointment triggered a political crisis. Parliament passed the first no-confidence motion on Wednesday but Sirisena and Rajapaksa refused to accept it. Sirisena on Thursday asked the lawmakers opposing Rajapaksa to take up the no-confidence motion again.

About Us

Get all the up-to-date breaking news about politics, business, entertainment, sports, lifestyles, weather, traffic, and local news in a seamless digital environment only in Morning Dispatcher.

Contact us: sales[at]morningdispatcher.com

Subscribe Now!

Quick Links

HomePress