Cryptos bearing the names of Trump family members soared this week before it became clear they had no official connection to anyone close to the president.

US President Donald Trump has been criticised for launching a meme-coin while saying he "doesn't know much" about the cryptocurrency. The digital coin called TRUMP appeared on his social media accounts ahead of his inauguration on Monday and quickly became one of the most valuable crypto coins.

Cryptocurrency fans may have gotten more than they bargained for when the president and his wife launched a pair of tokens last week.