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Dubai Government Warns Against DubaiCoin Cryptocurrency Scam
The price of DubaiCoin rose from $0.09 to $1.13 within just 24 hours after a press release claimed it would be Dubai’s official cryptocurrency.
Cryptocurrency investors have been facing some serious challenges lately. Prices of all major cryptocurrencies have been falling steadily ever since Elon Musk drew attention to Bitcoin’s energy consumption in a series of tweets, ultimately announcing Tesla’s decision to stop accepting Bitcoin as a payment method.
Watching their cryptocurrency portfolios deflate at an alarming rate, many investors have been turning their attention to various alternative cryptocurrencies and tokens of questionable value and origin, hoping that at least some of them will skyrocket in value.
This perhaps explains why a cryptocurrency called DubaiCoin increased by more than 1,000% after just 24 hours since its creators published a press released on a website called DubPay (website no longer available) and managed to get it listed on PR Newswire. Another reason for DubaiCoin’s short-lived success was certainly the fact that the press released claimed that it would become Dubai’s official digital currency.
“DubaiCoin will soon be able to be used to pay for a range of goods and services both in-store and online, with the clear intention for the coin to be used in place of traditional bank-backed currencies,” the press release said. “Circulation of the new digital currency will be controlled by both the city itself and authorized brokers.”
Also Read: The Top 3 Altcoins To Keep An Eye On In 2021
The price of DubaiCoin rose from $0.09 to $1.13, and it would likely continue to climb even higher if it wasn’t for Dubai’s government decision to issue a tweet in which they called DubaiCoin an elaborate phishing scam designed to steal personal information from its visitors.
The company responsible for the creation of DubaiCoin, ArabianChain Technology, has also used Twitter to publicly deny all claims made in the press release. Victims of the scam have rushed to social media calling for actions to be taken against online publications that were quick to promote DubaiCoin as Dubai’s “official cryptocurrency” without validating the source of the news.
News
DJI Teases Dual-Camera Osmo Pocket 4P For 2026 Launch
Though most technical claims for the new gimbal come from industry leaks rather than DJI’s own announcement.
DJI has teased a dual-camera version of its Osmo Pocket gimbal, confirming that the Osmo Pocket 4P will launch in 2026. The teaser image is the company’s first preview of the device, following months of speculation about a more advanced model in its pocket camera range.
The image shows a slightly larger device than the existing Osmo Pocket 4, with two camera modules mounted above a compact three-axis gimbal. Reports suggest one camera may use a 1-inch sensor paired with a wide-angle lens, while the second may carry a 3x zoom lens — though DJI has not officially confirmed any of these details.
According to leaks circulating ahead of the launch, the Osmo Pocket 4P could support 4K video at up to 240 frames per second, offer 14 stops of dynamic range and include 10-bit D-Log color support. Those features are commonly used by filmmakers who require greater flexibility during color grading and post-production. Reports also point to Hasselblad color tuning, continuing a partnership that has already appeared in some of DJI’s drone cameras, along with up to 128GB of built-in storage that would reduce reliance on external memory cards during longer shoots.
Also Read: AltoVolo Releases Sigma Footage & Sets Date For Demonstrator
The device is expected to retain features from the existing Osmo Pocket 4, including a three-axis mechanical gimbal, updated ActiveTrack subject tracking and a flip-out touchscreen display. The Osmo Pocket line is aimed at content creators, vloggers, and independent filmmakers seeking compact equipment that can produce usable footage without a larger camera system.
DJI has not provided pricing or a specific launch date beyond the 2026 window. Industry observers expect the Osmo Pocket 4P to cost more than the standard Pocket 4 because of the dual-camera setup and expanded recording capabilities, though no figures have been disclosed. So far, most of the technical detail circulating around the product remains tied to leaks rather than official confirmation.
DJI Teases Dual-Camera Osmo Pocket 4P For 2026 Launch
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