New cryptocurrency dubaicoin jumps in value by 1000 per cent – NEWS.com.au
Dubaicoin saw its value shoot up 1000 per cent in just 24 hours despite the price of other cryptocurrencies continuing to fall.The city’s government has denied any official link, with the authority even claiming it is part of an “elaborate scam”, The Sun reports.
A statement tweeted by the media office of Dubai’s government said: “Dubai Coin cryptocurrency was never approved by any official authority.
“The website promoting the coin is an elaborate phishing campaign that is designed to steal personal…
