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Trending News & Market Impact
This news section is a collection of the latest news and market impact of the crypto and FX markets, and is updated on daily basis
U.S. Court seizes over $1 billion in SBF assets By Investing.com
The U.S. District Court for the Southern District of New York issued a final order of forfeiture that stripped former FTX CEO Sam Bankman-Fried of a vast array of assets following his conviction for fraud. The detailed court document spans dozens of pages, cataloging the extensive holdings once attributed to the disgraced entrepreneur, including a significant stake in cryptocurrencies and traditional financial assets. Among the forfeited assets, the most substantial was the $606 million worth o
Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight digital wallets linked to the crypto token's creator, blockchain researchers said. Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday in a post on X, but later deleted the post and denied having any link to the cryptocurrency. A federal judge is investigating the token's launch and Milei's involvement
Dollar hits year-to-date lows as bulls get nervous
SINGAPORE, Feb 21 (Reuters) - The yen shot to a 2-1/2 month high on Friday on the back of a jump in Japanese inflation, while the dollar was set for a third weekly drop in a row as traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front. The yen broke through chart resistance at 150 per dollar overnight and it strengthened as far as 149.285 per dollar in the Asia morning after Japan recorded core inflation running at its fastest pace for 19 months i