DubaiCoin Rises 1000%, Plunges In One Day As Emirate Government Claims New Crypto A ‘Scam’ – RT Business News –

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DubaiCoin Rises 1000%, Plunges In One Day As Emirate Government Claims New Crypto A ‘Scam’ – RT Business News – fr


    Une nouvelle crypto-monnaie, qui porte le nom explicite de DubaiCoin, a connu une poussée sauvage et une chute spectaculaire en 24 heures.  La lourde chute est survenue peu de temps après que des informations aient prétendu qu'elle n'avait rien à voir avec la ville de Dubaï.

</p><div><p>Quelque part dans le contexte du marché de la crypto en train de saigner, la monnaie numérique a été propulsée au-dessus de 1000% de 0,17 $ à 1,13 $ jeudi, réalisant un énorme gain alors que les leaders du marché comme le bitcoin, l'éther, le dogecoin et d'autres avaient tous diminué d'environ 10% du jour au lendemain.
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This astonishing increase was due to a false statement alleging that DubaiCoin was created by ArabianChain Technology, a company based in the United Arab Emirates. The claim was broadcast through a website called DubPay, which is currently denied access.

According to the now defunct website, DubaiCoin was to be used “To pay for a range of goods and services both in store and online”, with the coin to replace traditional bank currencies.

“The circulation of the new digital currency will be controlled both by the city itself and by authorized brokers”, the claimed statement.


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The token’s growth sparked suspicions from the Dubai Electronic Security Center, which issued a warning to investors, refuting the claim about DubaiCoin’s new status and claiming that the website it came from was a front.

According to the state-backed regulator, DubaiCoin has nothing to do with the city’s emirate.

ArabianChain also tweeted a warning, denying making any such claims about the cryptocurrency and confirming that the website promoting it was bogus. DubaiCoin was removed from market tracking platforms immediately after the warnings were issued.

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