New #1 On DeFi Hack Leaderboard -Axie Infinity’s Ethereum Sidechain Ronin Hit By $600 Million Exploit

NewsLeave a comment

The Block Crypto first reported that the Ronin Exploit is the largest DeFi exploit of all-time. theblockcrypto.com, https://www.theblockcrypto.com/post/139761/axie-infinitys-ethereum-sidechain-ronin-hit-by-600-million-exploit Ronin Network, an Ethereum sidechain used for blockchain game Axie Infinity, was exploited for ~ $600 million, or 173,600 ETH and 25.5 million USDC, at the time of writing. The Ronin team explained: “Five validator private keys…

‘Everybody Has To Pay Their Fair Share’

NewsLeave a comment

Topline Sen. Joe Manchin (D-W.V.) said Tuesday he would not support President Joe Biden’s proposed “minimum tax on billionaires,” which would impose a 20% minimum tax on households worth over $100 million and would target unrealized gains, the second time in five months Manchin has opposed the administration’s efforts to realize a dramatic targeted tax…

Why Did Buffett Buy Occidental Petroleum Stock?

NewsLeave a comment

The Occidental Petroleum headquarters building is seen in Los Angeles Tuesday, Jan. 26, 2010. (AP … [+] Photo/Reed Saxon) ASSOCIATED PRESS Berkshire Hathaway (BRK/A, BRK/B) recently announced that it now owns 136.4 million shares of Occidental Petroleum (OXY) after purchasing over 100 million shares since March 2. This purchase amounts to an over 14% stake…

Will Early Social Security Retirement Benefits Reduce My Wife’s Later Spousal Benefits?

NewsLeave a comment

Ask Larry Economic Security Planning, Inc. Today’s Social Security column addresses questions about how early retirement benefits can affect spousal benefits taken after full retirement age, whether earning $2 over the limit can disrupt disability benefits and being able to receive retirement benefits after survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston…