America’s Cup 2017: Great Britain eliminated by New Zealand

Ben Ainslie's Great Britain are out of the America's Cup after New Zealand earned a 5-2 semi-final win.

americas cup 2017

Leading 3-1 overnight in the best-of-nine contest, New Zealand won the first of Thursday's three scheduled races to take them to the brink.

And although Britain won the next race, New Zealand took the third.

"Three and a half years ago a few of us were sitting around a table in London – what we have we have achieved is incredible," said Ainslie.

"I was really proud of the way the team sailed today. We will be back next time and we will be stronger."

It was a victory to savour for New Zealand after their catamaran capsized during racing in high winds on Tuesday.

After Wednesday's races were postponed because of high winds, New Zealand made a strong comeback to go 4-1 up on Thursday.

Great Britain had a 26-second lead at the first mark before their opponents came back to secure a 31-second victory.

Britain managed to hang on with a near-perfect win in the next race after getting off to a strong start and, this time, maintaining their lead and matching their opponents for speed.

However, New Zealand's class shone through as they put Tuesday's troubles behind them.

"We struggled coming into this with a lack of speed but everyone has dug so deep to get us more competitive," added Ainslie.

The Kiwis will take on Sweden or Japan in the play-off final. Sweden need just one more win after a dramatic comeback.

They trailed Japan 3-1 at the start of the day but won all three races on Thursday to take a 4-3 lead.

Analysis – 'Hugs, tears and cheers'

BBC Sport's Tony Husband in Bermuda:

There were hugs, tears and cheers as Great Britain sailed back into the dockyard for the final time. They were facing up to the realisation that this 21st British challenge for the 'Auld Mug' had gone the same way as the others.

Britain's wait to bring sport's oldest trophy home goes on for at least another two years. Amid the despondency, there was a positive message from Ben Ainslie.

The man on whom so much rested certainly isn't the type to hide. He strode up to BBC Sport to give his first interview, despite the obvious pain that this deeply personal challenge had failed only minutes before.

"We will be back," was the emphatic message. In reality, he had probably known this moment was coming for a while.

Since the high of winning the World Series pre-qualifying event, it's been evident that the British bid was behind its rivals. Boat speed and control was often cited as an issue; practice races hadn't been encouraging.

They were also inconsistent throughout this regatta. Ainslie had proved almost unbeatable in the starts, but too often their rivals would reel them in.

The Kiwis are the strongest challenger, and despite dropping one race to Great Britain on Thursday, they showed no outward scars after Tuesday's dramatic capsize.

The inquest will be thorough and probably painful for Britain, but Ainslie seems far from done with the America's Cup.

What happens next?

Holders Oracle Team USA await the winners of the challenger final in the America's Cup.

The first to seven points wins the America's Cup, or the Auld Mug as the trophy is known, with a possible 13 races to be sailed on 17-18 and 24-27 June.

The America's Cup, the oldest competition in international sport, was first raced in 1851 around the Isle of Wight and has only been won by four nations.

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Stephen Hodgkiss
Chief Engineer at MarketHive

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Cryptocurrency Investment Manager Seeks $400 Million for New Fund

Cryptocurrency investment manager Tim Enneking is seeking to raise as much as $400m for a new fund.

cryptocurrency new fund for investment

New filings from the US Securities and Exchange Commission reveal that Enneking is launching the "Crypto Asset Fund", registered in the state of Delaware. CNBC first reported the news. According to that filing, no equity sales in the fund have been made. The minimum amount required by outside investors to gain a stake is $5,000, the filing notes.

Enneking told CNBC that the fund will be aimed at investing in a broader subset of digital currencies and blockchain assets. He also said that, as it stands, he has been fielding interest from institutional investors looking to gain a stake in the market.

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Stephen Hodgkiss
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EU Commits 5 Million Euros to Fund Blockchain Surveillance Research

A group of government agencies, law enforcement groups and academic researchers are partnering on a new digital currency surveillance project.

EU Titanium Project

Backed by €5m in funding from the European Union, the initiative, dubbed "Tools for the Investigation of Transactions in Underground Markets", or TITANIUM, will be conducted over the next three years.

Participants include Interpol, Interior Ministries from Spain and Austria, Finland's National Bureau of Investigation, and University College London, among others.

In statements, the project's backers cited a recent wave of ransomware attacks around the globe, pointing to the event as a justification for beefing up the ability to track cryptocurrency payments.

At the same time, those involved pledged not to violate user privacy rights.

"The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy," said Ross King, senior scientist for the AIT Austrian Institute of Technology GmbH, one of the research institutions taking part.

That the EU would take this approach – let alone fund one – is perhaps unsurprising, given past efforts and statements from leaders and officials of the economic bloc.

The EU's executive branch, the European Council, began pushing aggressively for greater oversight of digital currency users in early 2016, with the European Parliament following suit earlier this year.

According to a press release published by the Austrian Institute of Technology (AIT), the European Union funded a three-year project investigating the criminal use of virtual currencies and the darknet. Fifteen members from seven European countries are participating in the project. The solutions developed in the research are intended to prevent criminals and attackers from using the blockchain technology for criminal purposes while at the same time preserving the privacy rights of legitimate users.

Blockchain technology makes it possible to organize records in a distributed network without central control and thus presents new challenges for investigating authorities, the press release says. The best-known application of the blockchain technology is Bitcoin, a cryptocurrency currently on its all-time high at almost $2,500, which offers legal use, however, the virtual currency could be also used for criminal purposes. The press release stated that BTC’s illicit use most happens on the dark side of the internet, for example on darknet marketplaces or hacking forums. Since the dark web could not be accessed or crawled via common search engines, such as Google, and provides more anonymity to its users than the clearnet (the normal part of the internet everybody knows), criminals often take advantage of these perks and decide to conduct their illegal activities on the darknet. The press release emphasized that the WannaCry attackers, who locked computers in approximately 150 countries on May 12, 2017, also demanded the payment of the ransom in bitcoins.

The aim of the TITANIUM (Tools for the Investigation of Transactions in Underground Markets) project is the development of technical solutions for investigating and combating criminal and terrorist acts on the internet, which are carried out with the help of virtual currencies and underground marketplaces. The three-year project, worth a total of EUR 5 million, is funded by the European Union.

The tools developed and implemented by the partnership (including four law enforcement agencies and INTERPOL) are intended to support the forensic analysis of criminal transactions, identify anomalies in their application and identify money laundering techniques. In addition, the researchers will carry out training courses in order to “anchor” the corresponding know-how and knowledge to the law enforcement authorities of the EU helping officers in preventing and prosecuting cybercrime more efficiently. Furthermore, the tools and services developed in the project are to be tested and validated on site by the law enforcement authorities in order to check the project results for their success and effectiveness.

“Criminal and terrorist activities related to virtual currencies and dark net markets are developing rapidly and vary widely with regard to technical maturity, resilience and targeted goals,” Project Coordinator Ross King, Senior Scientist at the Austrian Institute of Technology (AIT), said in a statement.

In order to counteract these activities, according to Dr. King, the development of efficient and effective forensics tools is a must, which can use different types of data from different sources, including virtual currencies, online forums, peer-to-peer networks on darknet marketplaces, and on electronic equipment, which law enforcement authorities seized from the suspects. Dr King emphasized that the development of the tools within the framework of the TITANIUM project is an important focus on the protection of the personality and fundamental rights of the users.

“The partnership will analyze the legal and ethical requirements and develop guidelines for the storage and processing of data, information, and findings from criminal investigations without affecting the privacy of citizens, Dr King said.

In addition to the AIT Austrian Institute of Technology, the following partners are part of the TITANIUM consortium: the Federal Criminal Police Office from Germany (BKA), Coblue Cybersecurity from the Netherlands, Countercraft SL from Spain, Dence GmbH from Germany, University of Innsbruck from Austria, INTERPOL (International Criminal Police Organization), Karlsruhe Institute of Technology from Germany, Federal Ministry of the Interior of Austria, Ministry of Interior of Spain, National Bureau of Investigation from Finland, TNO from the Netherlands, Trilateral Research Ltd. from the United Kingdom, University College London from the United Kingdom, VICOMTECH-IK4 from Spain.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


EU Commits €5 Million to Fund Blockchain Surveillance Research

A group of government agencies, law enforcement groups and academic researchers are partnering on a new digital currency surveillance project.

EU Titanium Project

Backed by €5m in funding from the European Union, the initiative, dubbed "Tools for the Investigation of Transactions in Underground Markets", or TITANIUM, will be conducted over the next three years.

Participants include Interpol, Interior Ministries from Spain and Austria, Finland's National Bureau of Investigation, and University College London, among others.

In statements, the project's backers cited a recent wave of ransomware attacks around the globe, pointing to the event as a justification for beefing up the ability to track cryptocurrency payments.

At the same time, those involved pledged not to violate user privacy rights.

"The consortium will analyse legal and ethical requirements and define guidelines for storing and processing data, information, and knowledge involved in criminal investigations without compromising citizen privacy," said Ross King, senior scientist for the AIT Austrian Institute of Technology GmbH, one of the research institutions taking part.

That the EU would take this approach – let alone fund one – is perhaps unsurprising, given past efforts and statements from leaders and officials of the economic bloc.

The EU's executive branch, the European Council, began pushing aggressively for greater oversight of digital currency users in early 2016, with the European Parliament following suit earlier this year.

According to a press release published by the Austrian Institute of Technology (AIT), the European Union funded a three-year project investigating the criminal use of virtual currencies and the darknet. Fifteen members from seven European countries are participating in the project. The solutions developed in the research are intended to prevent criminals and attackers from using the blockchain technology for criminal purposes while at the same time preserving the privacy rights of legitimate users.

Blockchain technology makes it possible to organize records in a distributed network without central control and thus presents new challenges for investigating authorities, the press release says. The best-known application of the blockchain technology is Bitcoin, a cryptocurrency currently on its all-time high at almost $2,500, which offers legal use, however, the virtual currency could be also used for criminal purposes. The press release stated that BTC’s illicit use most happens on the dark side of the internet, for example on darknet marketplaces or hacking forums. Since the dark web could not be accessed or crawled via common search engines, such as Google, and provides more anonymity to its users than the clearnet (the normal part of the internet everybody knows), criminals often take advantage of these perks and decide to conduct their illegal activities on the darknet. The press release emphasized that the WannaCry attackers, who locked computers in approximately 150 countries on May 12, 2017, also demanded the payment of the ransom in bitcoins.

The aim of the TITANIUM (Tools for the Investigation of Transactions in Underground Markets) project is the development of technical solutions for investigating and combating criminal and terrorist acts on the internet, which are carried out with the help of virtual currencies and underground marketplaces. The three-year project, worth a total of EUR 5 million, is funded by the European Union.

The tools developed and implemented by the partnership (including four law enforcement agencies and INTERPOL) are intended to support the forensic analysis of criminal transactions, identify anomalies in their application and identify money laundering techniques. In addition, the researchers will carry out training courses in order to “anchor” the corresponding know-how and knowledge to the law enforcement authorities of the EU helping officers in preventing and prosecuting cybercrime more efficiently. Furthermore, the tools and services developed in the project are to be tested and validated on site by the law enforcement authorities in order to check the project results for their success and effectiveness.

“Criminal and terrorist activities related to virtual currencies and dark net markets are developing rapidly and vary widely with regard to technical maturity, resilience and targeted goals,” Project Coordinator Ross King, Senior Scientist at the Austrian Institute of Technology (AIT), said in a statement.

In order to counteract these activities, according to Dr. King, the development of efficient and effective forensics tools is a must, which can use different types of data from different sources, including virtual currencies, online forums, peer-to-peer networks on darknet marketplaces, and on electronic equipment, which law enforcement authorities seized from the suspects. Dr King emphasized that the development of the tools within the framework of the TITANIUM project is an important focus on the protection of the personality and fundamental rights of the users.

“The partnership will analyze the legal and ethical requirements and develop guidelines for the storage and processing of data, information, and findings from criminal investigations without affecting the privacy of citizens, Dr King said.

In addition to the AIT Austrian Institute of Technology, the following partners are part of the TITANIUM consortium: the Federal Criminal Police Office from Germany (BKA), Coblue Cybersecurity from the Netherlands, Countercraft SL from Spain, Dence GmbH from Germany, University of Innsbruck from Austria, INTERPOL (International Criminal Police Organization), Karlsruhe Institute of Technology from Germany, Federal Ministry of the Interior of Austria, Ministry of Interior of Spain, National Bureau of Investigation from Finland, TNO from the Netherlands, Trilateral Research Ltd. from the United Kingdom, University College London from the United Kingdom, VICOMTECH-IK4 from Spain.

If you believe that my message is worth spreading, please use the share buttons if they show on this page.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com