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

Source: PressReleaseAgency

Release ID: 286681

Latest News

Prince Harry, Meghan tour N. Ireland; wedding china on sale

Mar 23, 2018

LONDON — Prince Harry and Meghan Markle made a surprise visit to Northern Ireland on Friday as part of their pre-wedding tour of the United Kingdom. The trip was not announced ahead of time in keeping with security procedures used for royal travel to Northern Ireland. Kensington Palace officials said the couple would meet with young people and other members of the public and would also tour some of Belfast's most popular sites. They had lunch at the popular Crown Liquor Saloon, a landmark in central Belfast. As they toured Northern Ireland, approved commemorative china marking the couple's May 19...

UK tourism's post-Brexit bounce appears to be wearing off

Mar 23, 2018

LONDON — The initial boon that the British travel and tourism sector got from the country's vote to leave the European Union appears to be wearing off. Figures from the Office for National Statistics on Friday showed that the number of overseas residents visiting the country in the last three months of 2017 was down 7 percent from the year before, while their total spending decreased by 3 percent. In 2017 as a whole, visitor numbers rose 3 percent to 38.9 million while spending swelled by 8 percent to 24.3 billion pounds ($34.3 billion). Overall, the sector enjoyed a solid...

Sealed and delivered: Royal wedding invitations dispatched

Mar 23, 2018

LONDON — Time to check that mailbox. Kensington Palace said Thursday that invitations for the wedding between Prince Harry and his American fiancée Meghan Markle have been dispatched. Some 600 people have been invited to the May 19 nuptials at noon at St. George's Chapel at Windsor Castle. All 600 have also been invited to a lunchtime reception given by Queen Elizabeth II at St George's Hall. Harry and Markle will also celebrate with some 200 guests at a private evening reception given by Charles at Frogmore House, a royal mansion near Windsor Castle. The palace declined to comment on...

Global tourism predicted to slow after best year ever

Mar 23, 2018

LONDON — The travel and tourism sector is set for a modest slowdown in 2018 as a result of higher oil prices and airfares, a year after it experienced its best year on record, according to a leading global industry body. In its annual Economic Impact Report, the World Travel and Tourism Council said Thursday that the sector was responsible for the creation of 7 million new jobs worldwide in 2017, or one in five new jobs. That was due largely to the fact that the sector outperformed the global economy for the seventh year running, growing by 4.6 percent...

Zuckerberg asked to testify; data firm's CEO suspended

Mar 23, 2018

LONDON — The head of Trump-affiliated data-mining firm Cambridge Analytica has been suspended, while government authorities are bearing down on both the firm and Facebook over allegations the firm stole data from 50 million Facebook users to manipulate elections. Cambridge's board of directors suspended CEO Alexander Nix pending an investigation after Nix boasted of various unsavory services to an undercover reporter for Britain's Channel 4 News. Channel 4 News broadcast clips Tuesday that also show Nix saying his data-mining firm played a major role in securing Donald Trump's victory in the 2016 presidential elections. Nix said the firm handled "all...

Sign up now!