BITCOIN BAN
Bitcoin price news LIVE – UK bank blocks crypto exchange payments as Dubaicoin rises 1000% & Elon Musk backs dogecoin
Debbie White
Updated: 16:58, 30 May 2021
DUBAICOIN saw its value shoot up 1,000 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 .
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 information from its visitors.