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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.

Published

8 months ago

May 31, 2021

Joanna

dubai government warns against dubaicoin cryptocurrency scam

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.

Related Topics:Cryptocurrency Dubai DubaiCoin United Arab Emirates

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Samsung’s New Exynos 2200 Smartphone Chip Comes With AMD Xclipse GPU

The new GPU will enable next-level mobile gaming experiences, support 200 MP camera sensors, and ensure smooth performance under all circumstances.

Published

1 day ago

January 21, 2022

David

samsung's new exynos 2200 smartphone chip comes with amd xclipse gpu

Samsung’s Exynos smartphone series of ARM-based system-on-chips (SoCs) traditionally comes with Mali GPUs, but the company’s new premium SoC is breaking this tradition by featuring an Xclipse GPU with AMD’s RDNA 2 graphics architecture.

The new GPU, together with 8 Armv9 CPU cores (1 powerful Cortex-X2 core, 3 balanced Cortex-A710 cores, and 4 efficient Cortex-A510 cores) and an upgraded neural processing unit (NPU), are supposed to enable next-level mobile gaming experiences, support camera sensors with a resolution of up to 200 MP, and generally ensure smooth performance under all circumstances.

“Built on the most advanced 4-nanometer (nm) EUV (extreme ultraviolet lithography) process, and combined with cutting-edge mobile, GPU and NPU technology, Samsung has crafted the Exynos 2200 to provide the finest experience for smartphone users” said Yongin Park, President of System LSI Business at Samsung Electronics.

Samsung named its new GPU “Xclipse” to reflect the fact that it’s positioned between console and traditional mobile graphic processors. The South Korean conglomerate believes that the GPU will bring an end to the old era of mobile gaming and usher in a new era characterized by features that have until now been associated primarily with PC gaming, such as hardware-accelerated ray tracing and variable rate shading.

Also Read: BlackBerry Has Officially Pulled The Plug On Older Devices

According to David Wang, Senior Vice President of Radeon Technologies Group at AMD, the Xclipse GPU is the first result of multiple planned generations of AMD RDNA graphics in Exynos SoCs, so fans of Samsung smartphones have a lot to look forward to in the future.

In addition to the already mentioned performance-oriented improvements, the Exynos 2200 integrates a better 5G modem capable of achieving speeds of up to 10 Gbps by utilizing both 4G LTE and 5G NR signals at the same time. The SoC’s Integrated Secure Element (iSE) can safely store cryptographic information for enhanced data security and privacy.

The Exynos 2200 is currently being mass-produced, and it’s expected that it will be one of the main selling points of the upcoming Galaxy S22 smartphone.