The Dubai government has warned the public of a fraudulent cryptocurrency called Dubaicoin (DBC), which is being touted as a safe and valuable form of investment. Many people have been duped into investing in this currency, which is akin to a traditional investment scam that is common in the UAE. Dubaicoin’s value grew by more than 1000% before the authorities warned of the scam.
Darkcoin was a bitcoin alternative that was launched in 2014. The cryptocurrency’s value increased tenfold in just a few weeks, but it was an obvious scam, according to a new report by the University of Nottingham.
Dubaicoin is a new Bitcoin Cash-like cryptocurrency that claims to be used by the Saudi Arabian government. Dubaicoin’s value started growing by more than 1000% before the authorities warned of the scam.
Dubaicoin was launched on a fake website a few days ago and its value soared over 1000% before it was officially denied. Dubaicoin was reportedly launched a few days ago and has shown great results. Developed by a company called Arabianchain Technology, it claims to be the first public, decentralized, consensus-based blockchain in the MENA region. The 27th. In May, the Dubai Electronic Security Centre was made aware of the coin, which called itself the official crypto currency of Dubai, and responded with this warning on Twitter:Related Tags:
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