ASAS 2024 brought together over 1,000 young talents from 50 nationalities under the theme 'Art and Innovation'
kt network4 hours ago
A UAE resident has lost Dh15,000 that he had invested in the digital currency ‘DubaiCoin’, a purportedly newly-launched virtual asset.
The cryptocurrency came under a cloud after Arabian Chain Technology, which was reportedly behind the launch, denied the news.
ALSO READ:
The UAE resident, who requested anonymity, said he had invested in ‘DubaiCoin’ last week through his friend but lost the amount.
“I lost my job and my only savings,” he told Khaleej Times.
The Dubai Silicon Oasis-based Arabian Chain Technology had earlier said that it hadn't launched the asset, asking people to be cautious.
"Also, this website dub-pay.com/en is fake and a scam. Please be careful,” it had tweeted.
The Dubai Electronic Security Centre also announced late on Thursday, May 27, that the ‘DubaiCoin’ digital currency has not been approved by any official entity and that the website promoting the coin is an unlicenced one. It aims to phish email information, passwords and phone numbers of people through an electronic form, the authority warned.
Sources told Khaleej Times last week that an investigation is underway into this new 'virtual currency'.
Arshad Khan, the Chief Executive Officer of Arabian Bourse, advised investors in the UAE to conduct due diligence before investing money into any virtual assets.
waheedabbas@khaleejtimes.com
ASAS 2024 brought together over 1,000 young talents from 50 nationalities under the theme 'Art and Innovation'
kt network4 hours ago
While President-elect Trump's administration originally filed the search case against Google during his first term, he indicated he might not break up the company
tech5 hours ago
The gathering explored the cutting edge of cinema, new media, PR and marketing, IT technologies, eSports, and game development
kt network5 hours ago
Passengers were currently being prevented from entering the building
world5 hours ago
Users will be able to select transcript language, too; here's how the new smart tool works
tech5 hours ago
With the new tariff, Yango Ride users can expect comfortable, modern limo vehicles starting from a minimum fare of Dh15.6
kt network5 hours ago
Authorities reiterated that they have 'little tolerance' for those who obstruct or hinder their investigations
business6 hours ago
Stand-in captain Jasprit Bumrah expertly exploited the seam-friendly conditions to register 4-17 in the final session
cricket6 hours ago