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 Daily Travelogue

Warren ancestry highlights how tribes decide membership

Oct 21, 2018

FLAGSTAFF, Ariz. — Jon Rios traces his ancestry to the Pima people of Arizona, but he has no tribal enrollment card and lives hundreds of miles away in Colorado. He has no interest in meeting any federally imposed requirements to prove his connection to a tribe. If anyone asks, he says he's Native American. "I'm a little bit like Elizabeth Warren. I have my ancestral lineage," Rios said, referring to his affiliation with the Pima, also known as Akimel O'odham. The clash between the Massachusetts Democratic senator and President Donald Trump over her Native American heritage highlights the varying methods...

Sales are brisk as Mega Millions jackpot hits $1.6 billion

Oct 21, 2018

SAN DIEGO — The Mega Millions lottery may see a streak of jackpot rollovers end as it heads toward a record $1.6 billion drawing on Tuesday. As more tickets sell, chances grow that at least one buyer will pick all six winning numbers. That would stop the streak of 25 rollovers, most recently on Friday night. Based on sales projections, 75 percent of the 302 million possible combinations will be chosen for Tuesday's drawing, up from 59.1 percent in Friday's, said Carole Gentry, spokeswoman for Maryland Lottery and Gaming. "It's possible that nobody wins again. But it's hard to fathom,"...

Nevada Republicans whip up fears of California's influence

Oct 21, 2018

LAS VEGAS — The Republicans running in Nevada's hotly contested races for governor and U.S. Senate are taking aim at a common target as they try to maintain GOP control of the seats: California. As more Californians have poured across the state line over the past few years, many of them escaping sky-high housing costs, some Nevada Republicans fear a state that already has become a political battleground will begin to resemble its deep blue neighbor. GOP candidates are appealing to conservative voters with warnings about life in California: sanctuary cities, crippling business regulations, out-of-control housing prices and a worsening...

Amid housing crisis, Reno's motor lodges become last resort

Oct 21, 2018

RENO, Nev. — They were the toast of Reno in the 1950s, when the growing casino industry sparked a boom that for a time turned northern Nevada into the West's top gambling destination. Dozens of downtown motor lodges provided spare but comfortable retreats for motorists who took to the nation's new highways to see the bright lights of the self-proclaimed "Biggest Little City in the World" and try their luck at the slot machines and blackjack tables. Today, the lodges still standing are in disrepair and rent rooms by the week. But there is one similarity to their heyday: Reno...

Questions and answers about state of the US-Mexico border

Oct 21, 2018

SAN DIEGO — Immigration has again become a hot political issue as President Donald Trump portrays the Mexico border in a state of crisis, underscored by dramatic images of a caravan of Central American migrants moving toward the U.S. and dozens of people climbing the border fence in Arizona. The Border Patrol released video Friday of the fence incident near Yuma, Arizona, on the same day that the president traveled to the state for a rally where he stressed the need for a tougher border. The government said smugglers helped the migrants over the wall in four places and that...

In Daily Travelogue, we aim to provide rich content for the budget traveler. We only publish blog post that is informative and entertaining to add value to our readers’ user experience.

Contact us: sales[at]dailytravelogue.com