• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

How to buy DubaiCoin

by Arya Roy
May 29, 2021
in Crypto, How to, Tech, Trending
Reading Time: 2 mins read
0
How to buy DubaiCoin

Source: https://www.mysmartprice.com/gear/dubai-launches-its-own-cryptocurrency-called-dubaicoin-set-to-become-citys-de-facto-digital-currency/

TwitterWhatsappLinkedin

A new type of cryptocurrency called DubaiCoin has recently been launched. DubaiCoin has become relatively popular since its arrival onto the crypto scene, rising up by up to more than 1000 % in just 24 hours after its introduction into the markets. DubaiCoin has been built upon a public exchange and is currently available only on a limited number of crypto exchanges.

You might also like

Poland to Report Grok to EU Over Chatbot’s “Offensive Comments” on Politicians

Turkey Bans xAI’s Grok Over Offensive Content, Including Insults to President Erdoğan

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

Source: https://www.businesstoday.in/current/economy-politics/dubais-own-cryptocurrency-dubaicoin-jumps-1000-percent-in-24-hours/story/440203.html

In fact, at the time of writing this article, DubaiCoin is not yet available on any prominent exchanges. Interested investors who wish to buy DubaiCoin will have to do so by exchanging it for Bitcoin or Binance Coin at exchanges where DubaiCoin is available. As of this moment, Dubaicoin is available for purchase on the following two exchanges: HitBTC and Cryptopia. However, since DubaiCoin is a quite new cryptocurrency, investors are suggested to carry out further research on the legitimacy of the coin before choosing to invest and make such a commitment to a brand new project.

DubaiCoin has been launched by Arabianchain Technology, a company based in the United Arab Emirates (UAE). According to the company, DubaiCoin is the first public cryptocurrency in the Arabic region of the world that is based on blockchain. The cryptocurrency was trading at an estimated $0.17 when it was launched and the price of DubaiCoin increased to $1.13 in just a span of 24 hours.

In a press release, Arabianchain Technology announced that DubaiCoin will be used to pay for a range of goods and services both in real stores and online. It is clear that the company intends for the coin to be used in place of traditional currencies that are backed by banks. The company also announced that the circulation of the new digital currency will be controlled by both authorised brokers and the city itself. This implies that the government of Dubai also has a stake in this cryptocurrency.

However, a Dubai authority rejected this claim. There was a Tweet that stated that DubaiCoin was never approved by any official Dubai authority. In fact, they called the website promoting Dubai Coin an elaborate phishing campaign. Therefore,  it appears that the DubaiCoin is not a cryptocurrency that is officially backed by the Dubai government.

Tags: Dubai Coin
Tweet54SendShare15
Previous Post

New Microbots Developed

Next Post

How to enter the California vaccine lottery

Arya Roy

Hi, this is Arya! Writing has always been a passion of mine, regardless of the topic I choose. Besides that, I am a huge foodie and music lover, whose interests range from world politics to horror films to everything in between.

Recommended For You

Poland to Report Grok to EU Over Chatbot’s “Offensive Comments” on Politicians

by Sneha Singh
July 10, 2025
0
Poland to Report Grok to EU Over Chatbot's "Offensive Comments" on Politicians

Poland has taken a direct move against hate speech generated by AI after announcing plans to officially report Elon Musk's AI chatbot, Grok, to the European Union. The...

Read more

Turkey Bans xAI’s Grok Over Offensive Content, Including Insults to President Erdoğan

by Sneha Singh
July 10, 2025
0
Turkey Bans xAI's Grok Over Offensive Content, Including Insults to President Erdoğan

Turkey is the first nation in the world to have banned an AI chatbot, blocking access to xAI's Grok after it generated insulting material about President Recep Tayyip...

Read more

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

by Anochie Esther
July 10, 2025
0
Starlink

After years of anticipation and navigating a complex regulatory landscape, Elon Musk's satellite internet venture, Starlink, has finally received the definitive green light to launch commercial operations in...

Read more
Next Post
How to enter the California vaccine lottery

How to enter the California vaccine lottery

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?