“I made it very clear to him that the United States expects, when a ransomware operation is coming from his soil, even though it’s not sponsored by the state, we expect them to act if we give them enough information to act on who that is,” Biden was quoted as saying by the Times.
Subsequent comments from Biden indicate that U.S. officials are weighing direct responses to ransomware attacks beyond what has been done previously, including the partial recovery of BTC paid to ransomware attackers.
When asked about whether there would be "consequences" for such attacks, Biden reportedly said "yes."
The comments come just over a week after the U.S. government began investigating a ransomware attack on an American information technology firm, which subsequently affected a range of businesses worldwide.
U.S. officials have adopted a more serious stance on ransomware attacks amid a series of high-profile ransomware incidents, including one on a U.S.-based pipeline operator. In early June, the Department of Justice said it had recovered much of the funds paid by Colonial Pipeline.
Earlier this month, Pinata, the NFT media company known across the industry as a prominent leader in NFT storage and management, announced the release of their newest product feature dubbed ‘Submarining.’
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.
While many considered highly-priced NFTs such as Bored Apes Yacht Club (BAYC) could be sound investments with decent returns, the lack of a proper pricing mechanism for NFTs could hamper the long-term development of the space. The absence of reference pricing may be a barrier to entry for investors.