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Dubaicoin Skyrockets 1,116% But Is It a Scam or a Buy?

Dubaicoin (DBIX) has been gaining significant traction in the crypto world. The coin caught investors’ attention after rising by 1,116% to the highest mark of $1.14 in just a few days. For now, the coin is unavailable on most crypto exchanges. Dubaicoin was founded on a public blockchain and proclaimed Arabianchain Technology backs the coin. A recent prediction by a major crypto trading platform, WhatToMine, became true after the coin rose by 1000% from $0.09 to $1.13 in just 24 hours. WhatToMine is a crypto platform that measures the profitability of crypto tokens. The firm supports the mining of crypto…

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Dubai Authorities Disowned Cryptocurrency, Which Has Risen In Price By 1,000% Per Day

The post Dubai Authorities Disowned Cryptocurrency, Which Has Risen In Price By 1,000% Per Day appeared first on Coinworldstory. The Dubai authorities announced that they have nothing to do with the DubaiCoin (DBIX) cryptocurrency, and the distributors of information about their involvement in the project are scammers. On May 24, PR Newswire posted a press release on behalf of Arabian Chain Technology, which appears to be indeed registered in the UAE to conduct blockchain […] The post Dubai Authorities Disowned Cryptocurrency, Which Has Risen In Price By 1,000% Per Day appeared first on Coinworldstory.

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DubaiCoin Rallies By 1,000% 24 Hours, Going From $0.17 To $1.13

A new cryptocurrency that was inspired by the city of Dubai and formed by it named DubaiCoin is viral in the cryptocurrency news for surging 1,000% after only 24 hours. The cryptocurrency is trading on select exchanges and is launched on a public blockchain. Now, we can see how DubaiCoin rallies, making investors rich and boosting the hype even more. From a price of $0.17, the DubaiCoin cryptocurrency rose to $1.13. Launched by the UAE-based company Arabianchain Technology, this is “the first public blockchain-based cryptocurrency in the Arabic word” as the founders say. The company also stated that people will…

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UAE authority issues warning about Dubai Coin

Dubai does not have an official cryptocurrency, officials state. As a tech-friendly region, Dubai is never short of new and promising projects, including crypto and blockchain,  but the influx of new cryptocurrencies makes it harder for newcomers to distinguish shady campaigns from reliable ones.  The Dubai Media Office announced that the authorities have never approved a digital currency named Dubai Coin, which saw a 1,000% jump when the project launched as “the official digital currency of Dubai” earlier this week. “It’s not the official cryptocurrency of the city,” the announcement warns. “The website promoting Dubai Coin is an elaborate phishing…

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