Some customers of Colombia’s largest bank, Bancolombia, will soon be able to buy Bitcoin and Ether directly from their bank accounts as part of the country’s new regulatory sandbox, which is slowly beginning to help banking institutions offer crypto-related services.

Ethereum mining revenue has surpassed that of Bitcoin for the seventh consecutive month. Data shows that Bitcoin miners earned $1.69 billion last month after seeing a 2% decrease month-on-month, while ETH miners earned $1.99 billion after seeing an 11.9% increase.

Digital asset manager 3iQ has teamed up with cryptocurrency exchange and custodian Gemini and platform provider BITRIA to offer high-net-worth customers in the U.S. white-glove cryptocurrency investment accounts. These separately managed accounts carry a $100,000 minimum.

In this week's NFT spotlight, we will walk you through the world of digital art NFTs, from avatar projects like Bored Ape Yacht Club, to artists like Pak, Beeple and XCOPY who have sold their work for millions - brought to you in partnership with NFT data and discovery platform Masterpiece.

Sponsored: Join Bybit Next Level event on December 9, 2021 at 8:00AM UTC for a chance to win up to $150 in bonuses!

Top stories in the Crypto Roundup today:

• Colombia’s Largest Bank to Offer Crypto Trading to Clients
• Ethereum Miner Revenues Top Bitcoins’ for Seventh Straight Month
• Bitcoin ETF Issuer 3iQ to Offer White-Globe Crypto Investment Accounts
• NFT Spotlight: Analyzing The NFT Revolution
  
• Sponsored: The Bybit Next Level event is coming your way — tune in for a chance to win up to $150 in bonuses!

Colombia’s Largest Bank to Offer Crypto Trading to Clients

Some customers of Colombia’s largest bank, Bancolombia, will soon be able to buy Bitcoin and Ether directly from their bank accounts as part of the country’s new regulatory sandbox, which is slowly beginning to help banking institutions offer crypto-related services.

From December 14 onward, Bancolombia will offer a limited number of its clients access to cryptocurrencies thanks to a deal struck with the Winklevoss-owned cryptocurrency exchange Gemini.

As part of the deal, Bancolombia clients will be able to purchase BTC, ETH, LTC and BCH in a one-year pilot program. The program will be overseen by the Financial Superintendence of Colombia, the country’s financial regulator.

The bank will handle clients’ fiat currency funds, while Gemini is set to provide the infrastructure for the exchange and custody for the cryptoassets.

Ethereum Miner Revenues Top Bitcoins’ for Seventh Straight Month

Ethereum mining revenue has surpassed that of Bitcoin for the seventh consecutive month. Data shows that Bitcoin miners earned $1.69 billion last month after seeing a 2% decrease month-over-month, while ETH miners earned $1.99 billion after seeing an 11.9% increase.

Overall, Ethereum miners earned 1.18 times the revenue of Bitcoin miners in November, in dollar terms. The figures are heavily influenced by network utilization and the transaction fees paid to move funds across either blockchain.

Data from BitInfoCharts shows that at the time of writing the average transaction fee on the Bitcoin blockchain stands at $2.23, while the average transaction fee on Ethereum is at $37.

Bitcoin ETF Issuer 3iQ to Offer White-Globe Crypto Investment Accounts

Digital asset manager, 3iQ, has teamed up with cryptocurrency exchange and custodian Gemini and platform provider BITRIA to offer high-net-worth customers in the U.S. white-glove cryptocurrency investment accounts. These separately managed accounts carry a $100,000 minimum.

The accounts will be managed by 3iQ advisors on behalf of clients. Gemini will custody clients’ cryptoassets while BITRIA will provide the platform that allows clients and advisors to access their accounts.

The move marks the first time 3iQ, a Toronto-based investment manager with $3.3 billion in assets under management, launches a product with its U.S. subsidiary 3iQ Digital Assets. 3iQ has launched Bitcoin and Ethereum spot exchange-traded funds in Canada.

NFT Spotlight: Analyzing The NFT Revolution

Non-fungible tokens (NFTs) have taken the crypto industry and world by storm this year. In 2021 alone, NFT marketplace, OpenSea, facilitated $12bn worth of NFT transactions - with many other platforms and marketplaces also seeing significant growth in their volumes. 

From well-known A-listers like Jimmy Fallon to Fortune 500 companies like VISA, NFTs have attracted a wider audience to crypto. Not only are they visual and easier to understand, but they also fit well into another growing trend; the creator economy - with creators and artists building up their own audiences and communities to monetize their content instead of relying on centralized platforms.

In this blog, we will walk you through the world of digital art NFTs, from avatar projects with enthusiastic communities like Bored Ape Yacht Club, to artists like Pak, Beeple and XCOPY who have sold their work for millions, as well as exciting new niches like generative art and photography.

The Bybit Next Level event is coming your way — tune in for a chance to win up to $150 in bonuses!

Join the Bybit Next Level event on December 9, 2021 at 8:00AM UTC for a chance to win up to $150 in bonuses!

About the event:

2021 has been a huge breakout year for the world of cryptocurrency, not just in terms of performance but also adoption. Did you know the crypto market was at one point worth more than $3 trillion? So what’s next?

To commemorate the milestone, Bybit's CEO, Ben Zhou, will take you on a journey through Bybit’s key 2021 moments, as well as all the exciting new products and services the exchange unveiled over the past several months. As Bybit continues to listen, care and improve, they're looking forward to bringing your crypto trading journey to a whole new level in 2022. You won’t want to miss what we have in store for you!

What could be more exciting? Bybit is giving away a prize pool of $225K in bonuses to those who register and participate in this event.*

Here’s how you can snag a piece of the bonus pie:

1. Head to bybit.com.

2. Click the orange sign-up button on the top right-hand corner of the page.

3. Fill in your email and password to register.

4. Look out for the exclusive bonus code in the chatbox, or watch for the code reveal on your screen. Remember, you can only redeem your bonus if you’re registered on Bybit!

*Terms and conditions apply.

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.