WeQuant’s mission is to help define the industry’s future. WeQuant was created in 2018 in California, USA, and has flourished under Mr. Michaelson’s great leadership. In 2022, we opened a second branch in Florida to attract additional tech-oriented people to join the WeQuant family.
WeQuant is pushing the boundaries of crypto infrastructure. For years, WeQuant has provided liquidity security to global financial markets, and we are now focusing on algorithmic trading and advanced technology fields. WeQuant is an ambitious startup on a mission to become one of the world’s leading trading companies. We established a firm complementary haircut for the placement of artificial intelligence in the quantitative market. We anticipate change, constantly improve and innovate, and dare to be different.
What role does artificial intelligence play in the cryptocurrency market?
Because blockchain offers secure data storage and sharing, AI may be used to analyze and derive insights from historical and real-time blockchain data. Blockchain transactions can also show behavioral patterns that can assist make sense of the crypto market’s drivers.
Ways AI Can be Used for Crypto Investing
Understanding the extremely unpredictable crypto market and carrying out bitcoin investments require a significant amount of effort and talent. With the rise of more technologically advanced technologies, asset managers are increasingly turning to AI, Machine Learning (ML), and Natural Language Processing (NLP) to make sense of crypto assets in fund portfolios.
AI in cryptocurrency investing can provide:
- More precise predictions
- Sentiment analysis on cryptocurrency exchanges
- Automated cryptocurrency trading
- Improved investment monetization
WeQuant can make crypto safer for everyone
It’s an odd question – surely two terrible inventions are more harmful than one! — yet the future of financial innovation may hinge on it. The matter has become even more serious in light of the continuing collapse of FTX, a major cryptocurrency exchange. AI is significant because it has the ability to make cryptocurrencies usable for the great majority of Americans who do not want to deal with the complexities of a crypto wallet.
The history of cryptocurrency is littered with failures of centralized institutions rather than the fundamental decentralized crypto processes. Mt. Gox was a Japanese cryptocurrency exchange that went bankrupt in 2014. The failure of FTX, which had a market capitalization of $32 billion at one point, is now part of the story.
Despite these and other catastrophes, blockchains have continued to function normally. Blockchains, which complete and record transactions, have not been successfully gamed or hacked, despite the fact that anyone who figured out how to do so would have access to billions of dollars.
The failing institutions most closely resembled pre-crypto financial intermediaries such as banks and exchanges. And the reasons they failed were more traditional than technological. In the case of FTX, for example, there are allegations that depositor funds were used for other reasons and were not held in reserve, which is a common occurrence in finance.
Another weakness for cryptocurrency banks and exchanges is that they can be regulated. The entire framework of financial regulation in the United States is geared around intermediaries, who can be watched, obligated to report information, and required to hold a particular level of capital. FDIC insurance, together with accompanying risk restrictions, can be imposed on banking institutions. If clearinghouses require help, the Federal Reserve and the Treasury are likely to act as lenders of last resort.
New AI systems are becoming increasingly adept at speech recognition, command execution, text comprehension, and even building their own computer programs. Is it really a reach to envisage an AI that makes it simple to use a cryptocurrency wallet? You would still have your bitcoin in your own wallet and would not have to rely on any intermediaries other than the AI itself. You could give your AI whatever directives you wanted at any time. Please open a wallet for me. Send my brother 0.1 Bitcoin. Change all of my accounts to cash. And so forth.
Essentially, the AI would facilitate your interactions with the system without establishing a distinct corporate entity between you and your funds. Your funds would still be in your wallet if the AI firm went bankrupt. The AI program would most likely manage your personal funds in general, not simply your cryptocurrency wallet.
You may ask whether you can rely on the company that provides the AI. However, that question is simply addressed by another: Handle you trust your smartphone or PC to do online banking? Yes, according to the vast majority of people. However, if those corporations developed software to intercept or redirect customer cash flows for their own reasons, those attempts would be short-lived, and the companies would be exposed.