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 Zealand prime minister says she's pregnant, due in June

Jan 19, 2018

WELLINGTON, New Zealand — New Zealand's prime minister announced on Friday that she is expecting her first child in June. Jacinda Ardern, 37, took office in October. Speculation swirled around whether she would start a family soon when she took over the leadership of her then-opposition Labour Party last year. Ardern took to Twitter to announce that she and her partner Clarke Gayford were expecting a child, and that Gayford would become a stay-at-home dad. "We thought 2017 was a big year! This year we'll join the many parents who wear two hats. I'll be PM & a mum while...

Dollar wallows near three-year trough, fears of U.S. govt. shutdown add to gloom

Jan 19, 2018

By Hideyuki SanoTOKYO (Reuters) - The dollar was lodged near a three-year low against a basket of currencies on Friday as fears of a possible U.S. government shutdown added to underlying weakness that stems from the growing trend toward monetary policy normalization around the world. The dollar index stood at 90.378, having fallen to as low as 90.104 this week, a level last seen in December 2014. It has already lost roughly 2 percent so far in 2018. The U.S. House of Representatives passed a bill on Thursday to fund government operations through Feb. 16 and avoid agency shutdowns this...

Asia stocks rise on China growth, U.S. govt. funding woes dent dollar

Jan 19, 2018

By Shinichi SaoshiroTOKYO (Reuters) - Asia stocks shook off losses on Wall Street and edged up to record highs on Friday following China's announcement of faster-than-expected fourth quarter growth, while worries over a possible U.S. government shutdown weighed on the dollar.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.4 percent to a record top. The index had climbed 1.3 percent on the week, during which it rode a surge in global equities.Optimism over the global economic growth outlook and improved corporate earnings have helped share markets rally at the start of 2018. Supporting economic confidence was data on Thursday...

New Zealand Prime Minister Jacinda Ardern pregnant with first child

Jan 19, 2018

By Charlotte GreenfieldWELLINGTON (Reuters) - New Zealand Prime Minister Jacinda Ardern said on Friday she was pregnant with her first child, prompting an outpouring of support from women's rights groups and labor activists as she declared "I'll be a prime minister and a mum". Ardern said she planned to work until the end of her pregnancy in June and then take six-weeks leave, during which time Deputy Prime Minister Winston Peters would run the country.Speaking to reporters outside her Auckland home, Ardern said her partner Clarke Gayford would care for the "surprise" addition full-time and that the whole family would...

Tennis: Birthday girl Martic reaches last 16 in Melbourne

Jan 19, 2018

MELBOURNE (Reuters) - Croatia's Petra Martic celebrated her 26th birthday in style by reaching the fourth round of the Australian Open on Friday.The world number 81 beat Thailand's Luksika Kumkhum 6-3 3-6 7-5 to set up a clash with unseeded Belgian Elise Mertens.Twelve months ago Martic was ranked 264 after a back injury but she has now reached the last 16 of three of the last four grand slams and hopes to go even further."I think at every grand slam it opens up sooner or later. I think the competition is so high, anybody can beat anybody. I think anybody...

About Us

The Morning Herald is a fast news provider in the United States since 2005. Fiercely independent and armed with irreverent intelligence, there’s no other place to get your news other than The Morning Herald.

Contact us: sales@themorningherald.com

Subscribe Now!