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

Premature baby penguin recovers after parents broke her egg

Jul 21, 2018

LONDON — London Zoo says a premature baby penguin has been nursed back to health after her parents accidentally stepped on her egg and broke it. The zoo says keepers were astonished to find that the female Humboldt penguin chick, nicknamed Rainbow, was still alive inside the broken egg. They rushed the chick to the zoo's clinic, where vets transferred her to an incubation chamber. The chick spent weeks cuddling with a soft toy penguin and was fed what the zoo called "penguin milkshake" — blended fish, vitamins and minerals. Penguin keeper Suzi Hyde said Thursday that the birds typically...

Paraglider charged in Trump resort flight; Finns demonstrate

Jul 21, 2018

LONDON — A man has been charged in connection with a Greenpeace protest that breached a no-fly security zone and flew a banner close to the golf resort where President Donald Trump was staying, Scottish police said Sunday. The paraglider carried a banner reading "Trump: Well Below Par" Friday night over Trump's Turnberry resort in western Scotland to protest his environmental policies. After the glider appeared, Trump was seen cutting across the grass, quickly heading to the entrance of the resort. Police in Scotland said 55-year-old man was arrested and charged. They did not give further details. The man is...

Iceberg 4 miles wide breaks off from Greenland glacier

Jul 21, 2018

LONDON — An iceberg four miles (six kilometers) wide has broken off from a glacier in eastern Greenland and scientists have captured the dramatic event on video. New York University professor David Holland, an expert in atmospheric and ocean science, told The Associated Press that "this is the largest event we've seen in over a decade in Greenland." A June 22 video of the incident was taken by his wife, Denise Holland of NYU's Environmental Fluid Dynamics Laboratory. They had camped by the Helheim Glacier for weeks to collect data to better project sea level changes due to global warming....

Comcast, Fox both raise bids as they reach for Sky

Jul 21, 2018

LONDON — The battle for European pay TV service Sky escalated Wednesday as U.S. rivals Comcast and 21st Century Fox took turns upping the ante in their quest to expand their media empires. The stakes now stand at 26 billion pounds ($34 billion) — the value of Comcast's latest offer. That bid came after Fox raised its bid to 24.5 billion pounds ($32.5 billion) earlier in the day. Comcast's new bid translates to 14.75 pounds per share, or 18 percent more than its original offer. Fox is dangling 14 pounds per share for the 61 percent of Sky that it...

The Latest: Comcast sweetens Sky bid after Fox raises stakes

Jul 21, 2018

LONDON — The Latest on the bidding battle for European pay TV service Sky (all times local): 11:45 p.m. Comcast is sweetening its bid for European pay-TV operator Sky after Fox raised the stakes. Comcast is now offering 26 billion pounds ($34 billion), trumping Fox's increased offer of 24.5 billion pounds ($32.5 billion). That breaks down to 14.75 pounds per share under Comcast's new bid versus 14 pounds a share being dangled by Fox for the 61 percent of Sky that it doesn't already own. The latest bid is 18 percent above Comcast's original offer of 12.50 pounds per share....

Sign up now!

About Us

Future Science Today reports on captivating developments in science, medicine, technology, and the world around us.

Contact us: sales[at]futuresciencetoday.com