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 Daily Sprinter

Dale Steyn back in SAfrica's ODI squad after 2 years out

Sep 19, 2018

JOHANNESBURG — Dale Steyn returned to South Africa's limited-overs squad on Friday and is in line to play his first one-day international in two years in the home series against Zimbabwe starting this month. Shoulder and ankle injuries kept the 35-year-old fast bowler out of action for long spells in recent years. Steyn missed more than a year of test cricket from late 2016 to early 2018 because of shoulder problems. He injured his ankle on his return to tests at the start of the year. Steyn did play in the two-test series in Sri Lanka in July but his...

New look Egypt gives fans something to cheer about

Sep 19, 2018

CAIRO — The Pharaohs have at last given Egyptians something to cheer about and, not surprisingly, Liverpool's Mohammed Salah played a big part in it. A record seven-time African champion, the Pharaohs thrashed Niger 6-0 in African Cup of Nations qualifying on Saturday, their first competitive match since their miserable run in the World Cup in Russia where the team lost all three group matches. It was also the Pharaohs' first win in nearly a year. Egypt last won a competitive match in October when Salah converted from the spot in injury time against Republic of Congo for a 2-1...

Salah must tread carefully if he's to reform soccer in Egypt

Sep 19, 2018

CAIRO — Thanks to his star power and a government keen to keep its most valuable international asset happy, Mohamed Salah has won his latest tussle with Egypt's soccer federation after his demands for better security and improved discipline at the Pharaohs' camps have been met. But how long will a government that's shown little tolerance for dissent put up with the Liverpool star's show of independence and quest for change? As long as he plays brilliantly, Salah's sweeping popularity will protect him, while giving the government of general-turned-president Abdel-Fattah el-Sissi the global good publicity it wants. But Salah must...

Former world half marathon champion Paul Koech dies at 49

Sep 19, 2018

NAIROBI, Kenya — Paul Koech, a former world half marathon champion and long-time teammate of Kenyan great Paul Tergat, has died. He was 49. The Kenyan track and field federation said Wednesday that Koech died Monday after a short illness. The federation did not release any more details. "Paul was a great track, cross-country and road-racing athlete," Athletics Kenya said. Koech won the world half marathon championship in Zurich in 1998. At the 1996 Atlanta Olympics, he finished sixth in the 10,000 meters and the following year was fourth at the world championships. Tergat won silver in both of those...

Salah takes on Egyptian federation over World Cup debacle

Sep 19, 2018

CAIRO — Emboldened by his global star power, Mohamed Salah has said out loud what many of his Egyptian teammates have been saying in private for weeks: Failure by the national federation to enforce discipline and stop meddling by sponsors was mostly to blame for the Pharaohs' miserable World Cup run in Russia. The Liverpool star posted a video clip this week on social media complaining about the chaos at the team's World Cup base in Grozny, capital of Russia's Chechnya region, and calling for better discipline in training camps and security for players. Salah's agent, lawyer Ramy Abbas, went...

Sign up now!

Daily Sprinter delivers the cutting-edge content from game reports to viral videos for our audiences worldwide. Our passionate writers strive to deliver a unique approach to the hottest sports news.

Contact us: sales[at]dailysprinter.com