Gain valuable insights into the digital asset market and risk management strategies with Agio Ratings.
As Warren Buffett once opined “only when the tide goes out do you learn who’s been swimming naked.” It certainly feels like the waters have been receding on the crypto community over the past year.
In a widely expected move, the US Securities and Exchange Commission (SEC) sued the world’s two biggest crypto exchanges in federal court this week. The main SEC assertion is that most cryptocurrencies are securities, and accordingly, US law requires these exchanges to register with the SEC.
The migration of skilled jobs offshore is a recurring American anxiety. Its visa system is too complicated. Exchange rates are manipulated. US businesses are hamstrung by red tape.
“Infamy, infamy, they’ve all got it in for me.” The final words of Kenneth Williams as Julius Caesar in the British comedy film Carry on Cleo.
When Hurricane Katrina hit Florida and Louisiana in 2005, it was North America’s most destructive storm on record. With winds reaching 175mph, Katrina caused $125Bn of damage and left people wondering: was this simply bad luck or a new climate-change normal?
Entering the crypto-sphere as a civilian, one of the first things you notice is that there are a lot of exchanges and that their names seem to be constructed from a finite set of nouns.
Another Quarter and another Crypto-crisis. This time FTX halted withdrawals and has filed for bankruptcy as a results of what we’ve coined a “Denial of Credibility” attack. And the next question is, who will be left bearing the resultant losses?
Coingecko and Kaiko (plus others) have developed exchange ratings, originally branded as Trust Scores, to help investors choose where to trade. But, without doubting their good intent, these scores are essentially made up.
In 1936 Keynes described how irrational emotions influence market pricing: “…our decisions to do something…can only be taken as a result of animal spirits…not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities”.
Agio Ratings co-founder, Henry Stott, was recognised in The Times newspaper for his pioneering work in football analytics. Agio is on a mission to develop a predictive edge in risk decision-making for digital assets.
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