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 thejournalistreport.com

Judge delays bail decision on detained Myanmar journalists

Jan 23, 2018

YANGON, Myanmar — A Myanmar judge on Tuesday postponed a decision on bail until early February for two Reuters journalists detained on charges of violating a British colonial-era secrecy law that a former military junta once used to muzzle freedom of speech. Lawyers spent a large part of the hearing at a court complex on the outskirts of Yangon questioning a police chief who oversaw the Dec. 12 arrests of Wa Lone and Kyaw Soe Oo. Authorities said the reporters received "important secret papers" from two policemen who had worked in Rakhine state, where security forces are blamed for mass...

Myanmar says it's ready to begin Rohingya repatriation

Jan 23, 2018

NAYPYITAW, Myanmar — Myanmar officials said Tuesday they are ready to begin a gradual repatriation of Rohingya refugees from Bangladesh despite a delay announced by Bangladesh authorities. Under an agreement between the two countries, a two-year repatriation process was to begin Tuesday. But officials in Bangladesh on Monday said a number of issues remain unresolved, in particular concerns that refugees were being forced to return. Myanmar Union Minister Thaung Tun told reporters on Tuesday that his country is "ready to receive those who will be coming across the border." More than 680,000 Rohingya Muslims have fled to Bangladesh to escape...

UN troops returning to only base in rebel-held South Sudan

Jan 23, 2018

AKOBO, South Sudan — United Nations peacekeepers are returning to the only U.N. base in South Sudan "clearly" in an area under opposition control as residents hope for protection from what they call growing attacks by government troops. "We've had several requests to be there" in Akobo, U.N. mission chief David Shearer told The Associated Press, calling the gap in services there significant. The first peacekeepers are expected to arrive in the next few weeks. This will be the first U.N. peacekeeper presence in Akobo since 2013, when the base of 43 troops was abandoned after armed men stormed the...

AP Explains: Turkey's 'Operation Olive Branch' in Afrin

Jan 23, 2018

ISTANBUL — Turkey has launched an air and ground campaign into Afrin, a Kurdish-controlled enclave in northwestern Syria. Codenamed "Operation Olive Branch," it's the latest chapter in a decades-long conflict between Turkey and Kurdish militants. Here's a look at why this is happening now and what's at stake: ___ WHAT'S THE GOAL? Turkish Prime Minister Binali Yildirim has said Turkey wants to create a 30-kilometer (20-mile) deep "secure zone" in Afrin. President Recep Tayyip Erdogan has said the military operation is essential for Turkey's security and Syria's territorial integrity. The Turkish operation aims to oust from Afrin a militia made...

Fighting rages amid Turkish push in Kurdish enclave in Syria

Jan 23, 2018

HASSA, Turkey — Intense fighting flared Monday as Turkish troops and their allies advanced on a Kurdish enclave in northwestern Syria, the third day of Ankara's offensive to oust a U.S.-allied Kurdish militia from the area, according to the militia and a war monitoring group. Skirmishes between Turkish troops and Kurdish fighters also broke out farther east in Syria, threatening to widen the scope of the new front in the Syrian war that pits Turkey against Washington's main ally in the region. The Turkish ground and air offensive on Afrin, codenamed "Operation Olive Branch," began Saturday, raising tensions in the...

About Us

The Journalist Report publishes timely news updates around the clock. We have a group of journalists around the globe to deliver the latest news around so that we can get our users connected.

Contact us: sales@thejournalistrep.com

Subscribe Now!