Generative AI

United

Solana

Dubai

<ul>
 <li>The hedge fund also announced that it will be relocating its worldwide headquarters to Dubai.</li>
 <li>Nine Blocks employs a market neutral trading technique.</li>
</ul>
The crypto hedge fund Nine Blocks Capital Management claims to be the first to get a license from Dubai’s Virtual Assets Regulatory Authority (<a href="https://thenewscrypto.com/dubais-vara-undergoes-leadership-change-as-ceo-steps-down/" target="_blank" rel="noopener noreferrer nofollow">VARA</a>). On Monday, the hedge fund also announced that it will be relocating its worldwide headquarters to Dubai.
Nine Blocks co-founder Henri Arslanian stated:
<blockquote class="wp-block-quote">
 “I think what’s interesting is that VARA has really created an ecosystem for crypto in Dubai. Many of our hedge fund’s counterparties are one minute walk away from my office. Everybody is in this one square kilometer, which makes it easy to meet up, have conversations and generally enables a good exchange of information.”
</blockquote>
<h3 class="wp-block-heading" id="h-banking-on-arbitrage-trading">Banking on Arbitrage Trading</h3>
To capitalize on arbitrage possibilities and market inefficiencies in the cryptocurrency ecosystem, <a href="https://ky.linkedin.com/company/nineblockscapital" rel="noopener noreferrer nofollow">Nin</a><a href="https://ky.linkedin.com/company/nineblockscapital" target="_blank" rel="noopener noreferrer nofollow">e</a><a href="https://ky.linkedin.com/company/nineblockscapital" rel="noopener noreferrer nofollow"> Blocks</a> employs a market neutral trading technique.
Arslanian further added:
<blockquote class="wp-block-quote">
 “Being market neutral, we don’t take any directional risk, so whether bitcoin is going up or going to go down doesn’t matter much to us. We generate alpha from the inefficiencies in crypto markets. So, we will arbitrage between perpetual swaps and the spot price of bitcoin and ETH, for example.”
</blockquote>
On Wednesday, the UAE’s minister of artificial intelligence encouraged nations to reach an agreement on AI governance more quickly than they did with the Paris Agreement, which took years. The <a href="https://thenewscrypto.com/binance-founder-czs-attorneys-oppose-attempts-blocking-uae-return/" target="_blank" rel="noopener noreferrer nofollow">UAE</a> Minister declared at the Dubai Assembly for Generative AI that governments need a novel strategy to control <a href="https://www.ibm.com/topics/artificial-intelligence" target="_blank" rel="noopener noreferrer nofollow">AI</a>.
The United Arab Emirates (UAE) actively pursues cutting-edge technologies and helps them thrive so that they may push developmental activities and become an international hub.
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Nine Blocks Secures Crypto License from Dubai’s VARA

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