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Dubai's cryptocurrency Dubaicoin's value increased by over 1000% in less than 2 days

Shortpedia

Content Team
Image Credit: Shortpedia

According to Crypto.com, the value of DubaiCoin (DBIX) has increased by over 1000 % in the last 24 hours. It's built on a public blockchain, which means that anybody can mine DBIX to create their own. Arabianchain Technology, a business based in the United Arab Emirates, introduced DBIX. "Both the city and authorised brokers will oversee the circulation of the new digital currency," the company said in an interview.