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 Redshift Daily

After Facebook scrutiny, is Google next?

Apr 22, 2018

MENLO PARK, Calif. — Facebook has taken the lion's share of scrutiny from Congress and the media about data-handling practices that allow savvy marketers and political agents to target specific audiences, but it's far from alone. YouTube, Google and Twitter also have giant platforms awash in more videos, posts and pages than any set of human eyes could ever check. Their methods of serving ads against this sea of content may come under the microscope next. Advertising and privacy experts say a backlash is inevitable against a "Wild West" internet that has escaped scrutiny before. There continues to be a...

Robot designed for faster, safer uranium plant pipe cleanup

Apr 22, 2018

COLUMBUS, Ohio — Ohio crews cleaning up a massive former Cold War-era uranium enrichment plant in Ohio plan this summer to deploy a high-tech helper: an autonomous, radiation-measuring robot that will roll through miles of large overhead pipes to spot potentially hazardous residual uranium. Officials say it's safer, more accurate and tremendously faster than having workers take external measurements to identify which pipes need to be removed and decontaminated at the Portsmouth Gaseous Diffusion Plant in Piketon. They say it could save taxpayers tens of millions of dollars on cleanups of that site and one near Paducah, Kentucky, which for...

DOJ looks into how AT&T, Verizon handle defecting customers

Apr 22, 2018

NEW YORK — The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The companies confirmed the inquiry in separate statements late Friday in response to a report in The New York Times. The U.S. government is looking into whether AT&T, Verizon and telecommunications standards organization GSMA worked together to suppress a technology that lets people remotely switch wireless companies without having to insert a new SIM card into their phones. The Times, citing six anonymous people familiar with the inquiry, reported that the...

California regulators investigating worker safety at Tesla

Apr 22, 2018

FREMONT, Calif. — Workplace safety regulators say they are investigating two incidents at automaker Tesla's factory in Northern California. The New York Times reported Friday that the investigations come after the Center for Investigative Reporting catalogued a series of workplace injuries at Tesla. California's Division of Occupational Safety and Health said Friday that it had opened an investigation into an unspecified incident. The agency earlier said it was investigating an incident that resulted in a 30-year-old subcontractor breaking his jaw. Tesla officials say the center incorrectly counted injuries that occurred away from the factory in Fremont, which is 40 miles...

Legendary scientist at lab that developed atomic bomb dies

Apr 22, 2018

LOS ALAMOS, N.M. — Scientist Nerses "Krik" Krikorian, who was born a refugee and later became a legend in the once-secret New Mexico city where the atomic bomb was developed, has died. He was 97. Officials at Los Alamos National Laboratory confirmed that Krikorian died Wednesday at his home in Los Alamos, the mountain town he had called home for more than 70 years. Krikorian was born on a Turkish roadside in 1921 as his parents were trying to flee the aftermath of the mass killings of Armenians by Ottoman Turks more than a century ago. With nothing but the...

About Us

RedShiftDaily was started out of fascination with mankind discoveries through peering out into the cosmos. Our team of enthusiasts are going to deliver only the best and latest progress in space technology and discovery so you too can share in the excitement.

Contact us: sales[at]redshiftdaily.com