Harga ForTubeFOR

An Ethereum developer provided an explanation of why the network cannot “rollback” transactions to recover Bybit’s stolen $1.4 billion. The analysis compares the current situation with two historical cases where blockchain reversals were feasible. In 2010, Bitcoin successfully rolled back transactions when a bug created 184 billion BTC. The developer Tim Beiko stated that it was possible due to the network’s small size and clear protocol violation. Similarly, Ethereum’s 2016 The DAO hack recovery succeeded because the stolen funds were frozen for 30 days, allowing time for community coordination. ELI5 why we cannot "rollback" Ethereum? After yesterday's Bybit hack, crypto commentators are again asking why Ethereum cannot "rollback" the chain to reverse the hack. While experienced ecosystem actors near-unanimously agree that this is infeasible, it's worth breaking down… Beiko mentioned that the Bybit hack has fundamentally different challenges. The theft happened through a compromised multisig interface that made malicious transactions appear legitimate to signers. From Ethereum’s ( ETH ) perspective, these transactions followed all protocol rules, leaving no technical basis for intervention. Beiko also pointed out that modern cryptocurrency infrastructure has also grown more complex. The stolen funds were immediately mobile and could be routed through decentralized exchanges, lending protocols, and cross-chain bridges. This interconnectedness means any attempt to reverse transactions would create disruption across the ecosystem. This could affect legitimate trades and settlements, he says. While Ethereum can still theoretically implement “irregular state changes” when funds are frozen and isolated, the last such proposal in 2018 faced strong opposition. That attempt aimed to recover 500,000 frozen ETH from a Parity wallet bug but was rejected due to concerns about centralization and precedent. The technical limitations have been further highlighted by recent developments. Crypto mixer platform eXch has rejected Bybit’s request for cooperation in tracking the stolen funds. SlowMist, a blockchain security firm, reports that hackers have already begun laundering the ETH through eXch, converting it to Bitcoin ( BTC ), Monero ( XMR ), and other cryptocurrencies. eXch, the coin mixer platform used by North Korean hackers, rejected Bybit's request for cooperation. SlowMist pointed out that eXch was involved in multiple security incidents, exposing the personal information of industry security personnel, and all platforms should improve… SlowMist’s founder warned that eXch has a history of hostile behavior toward security researchers and recommended exchanges increase risk controls for funds originating from the platform. The quick movement of assets through mixing services shows why technical solutions like rollbacks are no longer viable for major thefts in today’s crypto ecosystem.

Argentine President Javier Milei isn’t wasting any time trying to cozy up to the U.S. on trade—he took his case straight to a conservative crowd just outside Washington, making it crystal clear that he wants Argentina at the front of the line for a free trade agreement. According to Bloomberg , Milei spoke at the Conservative Political Action Conference (CPAC), and played to the audience by referencing President Donald Trump’s stance on reciprocal tariffs. The crowd ate it up. But there’s a catch: Argentina’s membership in Mercosur, the South American trade bloc, is putting a damper on his ambitions. “I want to take this chance to announce that Argentina wants to be the first country in the world to join this reciprocal accord that the Trump administration proposed on trade matters,” Milei said. “If we were not restricted by Mercosur, Argentina would already be working on a mutually beneficial free trade deal with the United States.” Milei, 54, has made no secret of his admiration for Trump, 78. During his speech, Milei doubled down on his commitment to slashing government bureaucracy, just as Trump and Elon Musk have done through the newly formed Department of Government Efficiency. Trump, in return, gave Milei a shoutout in his own speech later that day, before the two met for a sit-down that might have offered the Argentine leader a brief break from domestic headaches. The Libra controversy recently landed Milei in hot water. Federal prosecutor Eduardo Taiano is reportedly sniffing around Milei’s recent endorsement of the meme coin on social media. Per La Nación, an investigation request has been filed. Libra fell 90% in value after Milei hyped it up. Similarly, Trump’s meme coin, Official Trump ( TRUMP ), is currently down over 78% from its all-time high . But Milei didn’t just spend his Washington trip talking trade and crypto drama—he also squeezed in meetings with Musk and International Monetary Fund chief Kristalina Georgieva. With Georgieva, the focus was on Argentina’s ongoing IMF debt deal, a crucial piece of his economic puzzle. Whether Milei gets his wish for a U.S.-Argentina trade pact remains to be seen, but one thing is clear: he’s putting himself in the spotlight, whether on stage, online, or across the negotiating table.

Bybit freezes $42.89M of stolen assets with help from multiple platforms Crypto exchange Bybit, which recently experienced a $1.5 billion hack, announced on X that multiple platforms helped freeze $42.89 million of the stolen assets within a day. Bybit expressed gratitude toward Tether, THORChain, ChangeNOW, FixedFloat, Avalanche, CoinEx, Bitget and Circle for their assistance.

A debate recently unfolded in the crypto community over the differences in how XRP and Bitcoin are promoted. An XRP supporter pointed out that Ripple executives—including CEO Brad Garlinghouse and CTO David Schwartz—have never actively encouraged people to buy XRP. This was contrasted with MicroStrategy’s Michael Saylor, who consistently advocates for Bitcoin. The supporter implied that assets requiring direct promotion might have underlying weaknesses, sparking responses from the community. Crypto commentator CryptoApostle responded by highlighting the difference in supply between Bitcoin’s 21 million coins and XRP’s 100 billion. He suggested that Bitcoin’s scarcity makes it more necessary to “point people in the right direction,” implying that XRP does not face the same limitations. However, Ripple’s David Schwartz challenged this perspective, arguing that supply comparisons between XRP and Bitcoin are often misleading. Related: Ripple CTO Challenges Bitcoin Supply Scarcity Claims in Heated Debate Specifically, Schwartz emphasized that measuring crypto assets in “full coins” without considering market cap or divisibility leads to misinformation. He compared it to measuring distances in inches versus miles, saying such comparisons distort the true value and utility of each asset. CryptoApostle maintained that people naturally compare whole coins rather than smaller units like satoshis or drops. He also pointed out that Ripple’s partnerships with banks indirectly market XRP, even if executives do not explicitly promote buying it. Related: Ripple CTO Makes The Case For XRP Inclusion in Crypto Stockpile Meanwhile, Schwartz maintained that supply and price-per-coin are often misused in investment decisions. He noted that some investors believe XRP is a better buy simply because it appears cheaper per unit compared to Bitcoin—a narrative he believes is harmful. “You can’t compare the prices for ‘one coin’ for precisely the same reason you can’t compare the supplies measured in ‘number of coins,'” Schwartz stated , reinforcing the importance of accurate comparisons. Essentially, the discussion highlights the issue of evaluating crypto assets based on supply or unit price rather than fundamental value. It stresses that market participants must look beyond surface-level comparisons to make informed decisions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin (BTC) is still above the 200-week and 200-day moving averages, signaling a bullish condition for the cryptocurrency. In his latest podcast , a renowned analyst highlighted critical data that describe the crypto market conditions and support the prevailing bullish narrative despite dwindling sentiments. It is crucial to note that Bitcoin’s consolidation since the middle of January has taken a toll on the altcoin market and is dampening users’ expectations of a bull run. The flagship crypto slid into a sideways trend after reaching a $109,356 all-time high. BTC ranged between $91,000 and $100,000 in February, with a market volume that suggests a lack of interest from crypto investors. Related Article: Expert Says Bitcoin Strategic Reserve Will Happen, Sets BTC Price Target at $180K Despite the slight negativity in crypto market sentiment, technical factors suggest the bull cycle is intact. For instance, the Relative Strength Index (RSI) on BItcoin’s monthly chart has not triggered a top. The indicator suggests that Bitcoin is not in the overbought region and still retains bullish momentum. In the meantime, the crypto analyst spotted a breakdown in the Dollar Currency Index (DXY), a development he noted to be good for risk assets, including cryptocurrencies. In addition, global liquidity continues to rebound after decreasing towards the end of 2024. The analyst considers global liquidity a crucial indicator because of the historical trend of risk assets following its direction. Related Article: Bitcoin Whales Go On a Buying Spree: 28,000 BTC Moved Into ‘Accumulation’ In predicting the market, the crypto analyst thinks the crypto market will experience a bounce soon. He targets the period between February ending and the beginning of March for a trend reversal and a potential upsurge in the cryptocurrency market. However, he does not discard the possibility of Bitcoin’s price dropping lower before the bounce. In summary, the crypto analyst thinks the prevailing negative sentiment across the crypto market is a good sign for the bull market. According to him, such sentiments shake out weak hands and wipe out liquidity, resetting the market to keep going higher. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.