Cryptocurrencies were higher on Friday, as Ethereum rose after news that U.S. regulators don’t think that Ethereum is a security.
A cryptocurrency exchange in the UK has struck a rare deal to open a bank account with British start-up ClearBank, said two people familiar with the matter, allowing domestic customers to trade digital currencies without moving their money overseas.
Ethereum surged, while other major cryptocurrencies also rose on Friday on the news that U.S. regulators has spared transactions involving Ethereum from federal securities rules.
U.S. futures slumped on Friday as trade tensions between the U.S. and China escalated.
Iconic U.S. metal stocks Alcoa Corp (NYSE:AA) . and United States Steel Corporation (NYSE:X) benefited from the Trump administration’s initial crackdown on cheap imports, as tariffs on aluminum and steel boost the appeal of domestic product.