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 Soccer Out

Honda put off retirement to sign A-League deal

Aug 15, 2018

MELBOURNE, Australia — Japan star Keisuke Honda says he planned to retire after this year's World Cup but changed his mind when offered a contract by the Melbourne Victory in Australian football's A-League. Already retired from international football, 32-year-old Honda said he intended to end his playing career before coach Kevin Muscat lured him to the Victory on a one-year contract worth a reported $2.9 million. "I was thinking to quit my career after the World Cup but lucky this club made me a great offer that's changed my career," Honda said. "I changed my mind after I spoke to...

Valencia to sign Russia forward Denis Cheryshev on loan

Aug 15, 2018

MADRID — Valencia says it has reached an agreement with Villarreal to get Russia forward Denis Cheryshev on loan. The club says the loan is "pending" and will be valid until the end of the season. Cheryshev scored four goals at the World Cup, helping Russia reach the quarterfinals. The 27-year-old player had already been with Valencia on a loan in 2016. He was previously with Real Madrid but had few opportunities with the team's main squad. Valencia also added forward Kevin Gameiro from Atletico Madrid and striker Michy Batshuayi from Chelsea. Valencia finished fourth in the Spanish league last...

FIFA gives Nigeria and Ghana final deadlines to avoid bans

Aug 15, 2018

ZURICH — FIFA has given Nigeria and Ghana final deadlines to avoid international suspensions because of outside interference in their soccer associations. FIFA said Tuesday that the Nigerian soccer federation headquarters must be handed back to the elected leadership by Monday or the country will be suspended from international competition. A group claiming to be in charge of Nigerian soccer took over the building last month while NFF president Amaju Pinnick was in Russia for the World Cup. The group claims a Nigerian court order gives them control of the federation. The NFF said that the group had been removed...

12 Ecuadorean soccer fans killed in post-game bus crash

Aug 15, 2018

LIMA, Peru — A bus loaded with fans of a soccer team overturned on a highway in Ecuador after a game, killing at least 12 people and injuring 30 others, Ecuadorean police said Monday. The accident happened Sunday afternoon as the Barcelona SC fans were heading back to their home city of Guayaquil following a draw against a team from nearby Cuenca. Police said they were still investigating to determine what happened, but some witnesses told local media that the bus was seen trying to overtake other vehicles shortly before the crash. The soccer team has decided to honor the...

US player Timothy Weah scores first Ligue 1 goal for PSG

Aug 15, 2018

PARIS — Timothy Weah, the son of former Paris Saint-Germain player and current Liberian President George Weah, scored his first Ligue 1 goal for Paris Saint-Germain during a match against Caen on Sunday. The 18-year-old Weah, who also plays for the U.S. national team, took advantage of a mistake by Caen goalkeeper Brice Samba to score in the 89th minute of a 3-0 victory. Weah raced for a ball that Samba failed to clear quickly enough and tapped it into the net with his left foot. George Weah was a superstar for Paris Saint-Germain and A.C. Milan in the 1990s,...

Sign up now!