Securitize Tokenizes Exposure to KKR Fund through Avalanche

Securitize, a pioneer in the digital asset securities industry, today announced the establishment of a fund on the Avalanche public blockchain that will give its clients tokenized exposure to KKR's Health Care Strategic Growth Fund II (“HCSG II”). For the first time in the United States, investors can get access to one of KKR's alternative investment strategies through a tokenized fund (the “Fund”) issued by Securitize.

Timeline of Avalanche

The move will expand individual investors' access to private investment vehicles. The post KKR experiments with listing private equity investments on Avalanche: WSJ appeared first on The Block.

Avalanche (AVAX) has recently spiked by as much as 11% in the past seven days, surpassing other leading cryptocurrencies.         August shows a whopping 46 million transactions made on the Avalanche network         Avalanche network busy with major developments and integrations         4-hour chart for AVAX shows bullish movement It is presumed that the recent developments on the Avalanche network helped immensely with the gains of AVAX.

AVAX recently outperformed several top cryptos by registering a hike of nearly 10% over 7 days. While the price surged, several interesting developments happened on the network, all of which might have played a role in the alt's uptrend.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion. Bitcoin [BTC] has broken above the $20.4k-$20.5k region which had rebuffed it a week or so ago.

Cryptocurrency prices were in the deep red on Thursday morning before rallying on Friday. The Bitcoin price in particular rebounded well as crypto investors enjoyed a buoyant market.

Prime Protocol is pleased to introduce support for Fuji, which is Avalanche's testnet chain, in their upcoming testnet beta. Avalanche has reportedly “averaged over a million processed transactions per day in the last month.

Exploits have been regularly plaguing the blockchain industry and DeFi protocols like never before. Nearly each passing day there is another horror story of a well-known protocol being drained of funds by hackers through an exploit that could have been caught in advance.

A vulnerability report was released highlighting an attack that could have taken down the entire Avalanche Network. The post Vulnerability report highlighted attack that could have taken down the Avalanche Network appeared first on The Block.

Ethereum developer Péter Szilágyi has released a vulnerability report detailing how a bug he found in Avalanche would have crashed the entire network. The post Ethereum lead developer saved Avalanche from over $24B ecosystem crash appeared first on CryptoSlate.

A flash loan exploit targeted Nereus Finance, an Avalanche-based lending protocol, resulting in losses amounting to over $300K. Avalanche Flash Loan Exploit USD Coin (USDC) worth $371,000 was siphoned off from Nereus Finance through a smart contract exploit, which blockchain cybersecurity firm Certik caught on Tuesday.