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ArabianChain Technology, the company behind Dubaicoin, claims to be the first public blockchain in the region, allowing users to mine the currency, and maintain the blockchain ledgers. DUBAI – The price of Dubaicoin (DBIX), a newly launched cryptocurrency based on the public blockchain, reportedly shot up by 1,000 per cent within 24 hours after falsely claiming to be the official cryptocurrency for the city of Dubai. ArabianChain Technology, the company behind Dubaicoin, claims to be the first public blockchain in the region, allowing users to mine the currency, and maintain the blockchain ...

Controversial new cryptocurrency dubaicoin, has seen a 1000 per cent value increase in the past 24 hours, despite being labelled an “elaborate scam”.

Dubai Media Office said claims that the currency could be used to pay for goods were false

DubaiCoin's value shot up after a press release claimed that the coin has been named the official digital currency of Dubai. The surge brought it to the notice of the Dubai Electronic Security Centre

DubaiCoin news is a scam, says the Dubai government Download PDF / Print The Dubai government has not launched its own cryptocurrency, despite reports. It all started with a fake press release and a website, both of which are now inaccessible. The widely circulated news that Dubai had launched its own cryptocurrency, dubbed DubaiCoin, is a scam, the Dubai government has said. DubaiCoin was "never approved by any official authority," the government of Dubai tweeted on Friday, adding that the website promoting the coin "is an elaborate phishing campaign that is designed to steal personal inform...