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

NBC's Kelly says Fonda has 'no business' lecturing her

Jan 22, 2018

NEW YORK — NBC's Megyn Kelly lashed out at actress Jane Fonda Monday in a simmering dispute over an interview gone awry, even invoking the old "Hanoi Jane" nickname. Fonda had appeared alongside Robert Redford on one of the first "Megyn Kelly Today" installments in September for an interview to promote a new movie. It became tense when the subject of plastic surgery came up; while saying the 80-year-old actress looked "amazing," Kelly said that "I read that you said you're not proud to admit you've had work done. Why not?" Fonda glared at Kelly and then said, "We really...

AP Exclusive: 6 new rules to prevent Oscars envelope gaffe

Jan 22, 2018

LOS ANGELES — After taking responsibility for the epic best picture flub at the Oscars last year, Tim Ryan of PwC got down to business. He grilled the partners who made the gaffe, then personally reached out to the dozens of people affected by it: The show's producers, presenters and stage managers and the filmmakers behind "La La Land" and "Moonlight." In the months that followed, PwC met with the academy many times to come up with new protocols and safeguards to prevent such a blunder in the future. Ryan revealed six new reforms to The Associated Press. They include...

Jesmyn Ward, Masha Gessen among nominees for critics awards

Jan 22, 2018

NEW YORK — Jesmyn Ward's "Sing, Unburied, Sing," winner of the National Book Award for fiction, is now a nominee for the National Book Critics Circle prize. Other finalists announced Monday include Mohsin Hamid's "Exit West" for fiction, Roxane Gay's "Hunger" for autobiography and Masha Gessen's "The Future is History," winner of the National Book Award for nonfiction. The celebrated author-journalist John McPhee will receive a lifetime achievement award and Carmen Maria Machado, author of the story collection "Her Body and Other Parties," will be honored for best debut book. The author-critic Charles Finch will receive a citation for "excellence...

Craft and tech mingle at French couture house Fournie

Jan 22, 2018

PARIS (Reuters) - At his Paris workshop, haute couturier Julien Fournie is surveying the final tucks and tweaks to his outfits as models try on his hand-stitched silk gowns, bringing to life creations he first sketched on a tablet. Fournie is one of few designers trying to propel fashion into the modern age, with accessories created from 3D printers and sketches developed virtually. Yet Fournie's high-tech approach is barely noticeable in his latest Asian-inspired collection, on view on Tuesday during Paris' Spring/Summer Haute Couture Week, one of fashion's ultimate display of craftsmanship.Vintage kimono fabrics are subtly integrated into the designs, some with...

He said, she said: AP writers predict Grammy winners

Jan 22, 2018

NEW YORK — Here at The Associated Press, we've written stories for years about how the Grammys have dissed rap, R&B and other evolving genres before others wrote about the hot topic after Beyonce lost to Adele last year. Check our records. So you could imagine how vindicated and excited we felt when the nominations rolled out late last year with Jay-Z, Kendrick Lamar, Bruno Mars, Luis Fonsi and Childish Gambino dominating in the top three categories, where rap, R&B and Latin music almost never win. But because of our expertise in this Grammy game, we know what's obvious: The...

About Us

Buzz Online Daily brings to you the trendy and up-to-date viral news, entertainment news, and local breaking news exclusively to our dedicated readers.

Contact us: sales@buzzonlinedaily.com

Subscribe Now!