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

WWI descendants see armistice through prism of personal pain

Nov 16, 2018

PARIS — William Kearsey's war was long over by the time his son ever heard about it. By then, the World War I veteran had undergone 28 surgeries to knit back together the bones and flesh of his face, which was shattered in a trench in Belgium in 1917. A century after fighting in the first war of its kind ceased, Kearsey's son, Peter, stood on a rain-soaked avenue in Paris on Sunday to honor the armistice that ended the war his father and so many other soldiers endured. "It's appropriate, really, like what they went through in the trenches....

Leaders laud fallen soldiers on eve of armistice centennial

Nov 16, 2018

PARIS — Traveling from across the world to monuments honoring soldiers who fell 100 years ago, victors and vanquished alike marked those sacrifices Saturday ahead of Armistice Day and assessed alliances that have been redrawn dramatically since the dark days of World War I. The leaders of former enemies France and Germany, in an intimate gesture that underscored their countries' current roles as guarantors of peace in Europe, held their heads together at the site north of Paris where the defeated Germans and the Allies signed the agreement that ended the 1914-18 war. After Chancellor Angela Merkel briefly snuggled her...

2 Yosemite National Park visitors die in fall from overlook

Nov 16, 2018

SAN FRANCISCO — Two visitors died in a fall from a popular overlook at Yosemite National Park that allows people to walk to the cliff's edge, where there is no railing, an official said Thursday. Park rangers were trying to recover the bodies of a female visitor and a male visitor spotted by another tourist Wednesday, spokesman Scott Gediman said. Officials are still investigating when the pair fell and from what spot at Taft Point, which is 3,000 feet (900 meters) above the famed Yosemite Valley floor, he said. Railings only exist at a small portion of the overlook, which...

New Orleans museum shows art collected by namesake duke

Nov 16, 2018

NEW ORLEANS — The New Orleans Museum of Art is winding up the city's tricentennial with an exhibition of dozens of paintings collected by the man the city is named for: Philippe II, Duke of Orleans. The duke owned 772 paintings when he died in 1723. Now 30 of them are back together for the first time in centuries, thanks to loans from museums across the United States and Europe. The exhibit runs Friday through Jan. 27. The duke's grandson, known as "Philippe Egalite" (Philippe Equality) sold most of the paintings in the early 1790s to help finance the French...

China building boom uncovers buried dinosaurs, makes a star

Nov 16, 2018

YANJI, China — At the end of a street of newly built high-rises in the northern Chinese city of Yanji stands an exposed cliff face, where paleontologists scrape away 100 million-year-old rock in search of prehistoric bones. Like many fossil excavation sites in China, this one was discovered by accident. China's rapid city building has churned up a motherlode of dinosaur fossils. While bulldozers have unearthed prehistoric sites in many countries, the scale and speed of China's urbanization is unprecedented, according to the United Nations Development Program. Perhaps no one has seized the scientific opportunity more than Xu Xing, a...

Search

Welcome to The Zig Zag World. This travel blog will help you to make the most out of your travel time with interesting destination guides. Our paths will definitely cross some day as we zigzag around the world.

Contact us: sales@thezigzagworld.com