Cascadia Announced Major Breakthrough In Blockchiain Industy

Jan 13, 2018

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

Uzbekistan Wants Out of the Iran-US Social Media War
Oct 26, 2026
Uzbekistan Wants Out of the Iran-US Social Media War

Tashkent summoned the Iranian ambassador to lodge a protest regarding social media posts by Iranian diplomatic missions regarding the history of Samarkand.

‘Pull Out the Sick Trees’: Xi’s Constant Purges Pave Way for Next Term
Oct 26, 2026
‘Pull Out the Sick Trees’: Xi’s Constant Purges Pave Way for Next Term

The Chinese leader Xi Jinping, who is likely preparing to secure a fourth term in power in 2027, has complained that officials cannot be trusted.

Beyond the Pukpuk Treaty, Australia’s Strategic Footprint in PNG Grows
Oct 26, 2026
Beyond the Pukpuk Treaty, Australia’s Strategic Footprint in PNG Grows

In the wake of the Pukpuk Treaty, Australia and PNG continued to deepen relations with a new rotation planned, defense infrastructure investment, and expanded ADF recruitment.

Singaporean woman admits conspiring to abuse Megan Khung, helping dispose of her body
Oct 26, 2026
Singaporean woman admits conspiring to abuse Megan Khung, helping dispose of her body

A Singaporean woman pleaded guilty on Monday to conspiring with a friend and the friend’s boyfriend to abuse four-year-old Megan Khung, and helping to dispose of the child’s body after she died following months of abuse. Nouvelle Chua Ruoshi, 36, pleaded guilty to three charges, including conspiracy to commit child abuse, intentional disposal of a corpse and methamphetamine consumption, The Straits Times reported. Three further charges for conspiracy to commit child abuse will be considered when...

A US Pivot Toward Commercial Espionage?
Oct 26, 2026
A US Pivot Toward Commercial Espionage?

However justified or inevitable it might be, this represents a major shift in how the U.S. has thought about intellectual property for the last three decades.

Face-Offs at India-China Border Are Continuing at Multiple Points, ITBP Chief Confirms
Oct 26, 2026
Face-Offs at India-China Border Are Continuing at Multiple Points, ITBP Chief Confirms

Since June, civil society groups and local media warned of PLA encroachments into Arunachal Pradesh. Hitherto, Delhi’s response was to deny and dismiss their claims.

Climate damage to Philippine ports could cost US$70b a year by 2100
Oct 26, 2026
Climate damage to Philippine ports could cost US$70b a year by 2100

The Philippines faces the highest climate-driven port damage costs in Southeast Asia, with annual losses projected to hit US$70.2 billion by 2100, the Asian Development Bank (ADB) has warned. Analysts say the damage could cripple supply chains, drive up food prices and threaten livelihoods, urging Manila to adopt a more coordinated approach to flood protection rather than simply strengthening port infrastructure. In its latest report titled “Asia-Pacific Climate Report 2026: Coastal Risks on the...

What Does Durga Puja Tell Us About Minorities in Bangladesh?
Oct 26, 2026
What Does Durga Puja Tell Us About Minorities in Bangladesh?

The largest Hindu religious festival went off smoothly – a credit to the new BNP government.

Indonesia defends Singapore gas cuts, cites rising domestic needs and contractual limits
Oct 26, 2026
Indonesia defends Singapore gas cuts, cites rising domestic needs and contractual limits

Indonesia has defended its decision to cut natural gas exports to Singapore, citing domestic electricity and industrial needs and arguing that the reduction remains within contractual limits. The cuts came days after Indonesia’s energy minister warned that his country could stop exports to nations that “did not respect” it. On Monday, Energy Minister Bahlil Lahadalia defended the reduction of 31 million standard cubic feet per day in pipeline gas exports to Singapore, saying it represented about...

AI chip surge lifts South Korea to record surplus, behind only China
Oct 26, 2026
AI chip surge lifts South Korea to record surplus, behind only China

South Korea earned US$116.63 billion more from the world than it spent in the second quarter of this year – exceeding the combined current account surpluses of Germany and Japan for the first time on record. The current account measures a country’s trade and income with the world. It counts goods and services sold abroad, money earned on overseas investments and payments flowing the other way. A surplus means more foreign currency is coming in than going out. Surging demand for semiconductors...

China may well be the next big competitor for Asian migrant labour
Oct 26, 2026
China may well be the next big competitor for Asian migrant labour

For decades, China was one of the world’s largest sources of migrant labour. Its workers staffed factories at home and built infrastructure abroad. But demographic decline may eventually force China to contemplate a striking reversal: importing workers on a meaningful scale. That change is not imminent. China still has a vast labour force and substantial youth unemployment. It is investing heavily in industrial automation, extending working lives through a gradual increase in the retirement age,...

‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability
Oct 26, 2026
‘Fed up’ Malaysian sultan rebukes scandal-hit pilgrimage fund, demands accountability

A Malaysian ruler is demanding accountability over the mismanagement of a pilgrimage fund, after a government rescue package, criminal proceedings against former officials and half-hearted reforms have fuelled concerns about political influence in an institution entrusted with the savings of millions of the country’s Muslims. Tabung Haji holds the savings of more than 9.8 million depositors and helps Malaysian Muslims finance and undertake the pilgrimage to Mecca, a religious obligation for...

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Indo Inquirer

Indo Inquirer is the leading online news network in Indonesia, providing daily breaking news with in-depth news coverage and the best photojournalism. We deliver compelling and diverse engaging stories around the world.

Newsletter