Dubaicoin, which rose over 1000%, isn’t the city’s official coin, check reality here

In the crazy cryptocurrency world, we often hear the news of a digital coin rising either sharply without strong fundamentals. In one such case, a newly launched cryptocurrency named Dubaicoin jumped over 1000% on crypto exchanges within 24 hours of its launch. 

New Delhi: In the crazy cryptocurrency world, we often hear the news of a digital coin rising either sharply without strong fundamentals. In one such case, a newly launched cryptocurrency named Dubaicoin jumped over 1000% on crypto exchanges within 24 hours of its launch.  Dubaicoin falsely positioned itself as the de facto cryptocurrency of Dubai. However, investors realised the reality after investing in the digital coin with blind trust in the name of Dubai.  Who is behind Dubaicoin?