Barclays UK Customers Can No Longer Transfer Funds To Binance

Barclays clients in the UK can no longer transfer funds to Binance after the bank indefinitely banned credit and debit card transactions to the exchange, according to recent reports. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the firm’s UK operations, was not holding proper authorization to carry out crypto operations in the country.

Binance & The FCA: Where It All Stands

The Barclays UK Help Twitter page is routinely replying to frustrated consumers with copy-and-paste language stating: “It’s our responsibility to help protect your money. With this in mind we’ve taken the decision to stop payments made by credit/debit card to Binance until further notice, to help keep your money safe.” The account also directs users to the FCA homepage for more information.

The exchange had been ordered by the FCA in recent weeks to stop crypto regulated activity in the country no later than June 30; while generic crypto-assets are unregulated, surrounding trading products such as futures and options are regulated in the UK.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The FCA is a watchdog that is a financial regulatory body, but also independent from the UK government. As part of broader statement, the FCA also showed broad concern around crypto exchanges at large; the watchdog gave exchanges six weeks from the public letter issue date to remind customers how their money is protected and to send clear messaging that regulatory protection does not apply to them. Accordingly, a number of exchanges, such as Coinbase and Uphold, have issued releases to their UK clients.

Related Reading | Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now?

What’s Next?

It’s difficult to pinpoint next steps for Binance both in the UK and globally. The UK joins a growing list of countries that have been probing or investigating Binance, including the US, Japan, Thailand, and Canada. The firm has also had it’s headquarters move around substantially, before finally concluding that it is a “decentralized” company with no corporate headquarters.

Get 110 USDT Futures Bonus for FREE!

The FCA has only approved five crypto companies to date, and while Binance had applied within the past year to join that list, the company reportedly pulled their own application after “intensive engagement” from the FCA. Binance has responded to the FCA expressing disappointment in the watchdog’s decision, stating the compliance and regulations continue to be a focal point for the firm, and noting that Binance and Binance Markets Limited are separate legal entities.

The global exchange could likely face increased pressure from traditional UK institutions, but it remains to be seen what the long-term, lasting impact that regulatory scrutiny – in the UK and beyond – will do to impact Binance’s broader operations.

Binance's native token BNB has stayed surprisingly resilient in recent months relative to the broader market, despite increased scrutiny from regulatory bodies. | Source: BNB-USD on

Related Reading | Brian Armstrong Says China’s Digital Currency Is A Threat To U.S.

Featured image from Pixabay, Charts from


Tagged : / / / / /

Bitcoin Whales Accumulate 60,000 Bitcoins In A Day. What Happens Now?

Bitcoin whales have resumed accumulating coins in what has turned out to be the biggest Bitcoin accumulation event in 2021.  A number of Bitcoin whales addresses that currently hold a number of 100 to 10,000 bitcoins in their wallet accumulated over 60,000 bitcoins in a single day.

Lately, Bitcoin has been sluggish in the market due to a high number of sell-offs and not enough people buying back in the coin. But over the past six weeks, the whale wallets have accumulated over 100k bitcoins. With over 60% of these Bitcoins being bought in just one day.

Related Reading | Bitcoin Whale Warns Of “November 2018 Vibes.” What This Means

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

This accumulation event sent the coin price shooting up. This helped Bitcoin to break the $35,000 price point which it had been struggling to break since the crash from $64k began.

Imminent Bitcoin Squeeze?

No doubt that wealthy investors bringing their money back into the market are always a good thing. More money coming into the market is always the best way to get the price of assets up. But it also begs the question of the intentions of the Bitcoin whales for accumulating such a high amount of Bitcoin in the space of 24 hours.

A squeeze could be a plausible reason. Putting millions into the markets sees the prices shoot up. And when prices shoot up, whales can sell the coins that they got for a higher price.

Get 110 USDT Futures Bonus for FREE!

Although with over nine million coins held across these whale wallets, it could be safe to think that these are not weak hands in the market just looking to make a quick buck.

A down market has always been a buying opportunity for whales, and it seems they are taking full advantage of the opportunity.

Related Reading | Why Bitcoin Could Still Hit $100K This Year

The Bitcoin market had succumbed to the massive FUD coming out of China with the Bitcoin mining bans and crypto trading bans. Furthermore, the announcement from Tesla CEO Elon Musk that the automaker would not be accepting Bitcoin anymore further helped to drive the coin price down. Musk had said the company would start accepting Bitcoin payments again when a milestone of 50% green Bitcoin mining was reached.

Retail investors have had to watch the coin price crash after an impressive run. And continue downward for what has been a couple of brutal months.

But now, it seems that faith is returning to the market.

Kickstarting The Next Bull Run

So far, July is off to a good start with the news of the whale accumulation. 60K bitcoins across a number of large Bitcoin holders have seen the price of Bitcoin spiked.

In the last 24 hours, the price of Bitcoin briefly hit over $35,800. Before losing momentum and falling back down to a current price of $34,400 at the time of writing this article.

Bitcoin price chart from

Bitcoin price chart from

Bitcoin briefly hit $35K as whales accumulated Bitcoin | Source: BTCUSD on

Bull runs are always started by the same thing; scarcity. People buy large amounts of coins, hold them, thereby creating scarcity in the market. With fewer coins going around in the market, investors who are willing to buy are buying at higher prices in order to beat out the competition.

Once the demand for the coin starts to exceed supply, then the price starts seeing a surge.

The current accumulation by the Bitcoin whales means that they have just removed 60k bitcoins from the market and are currently holding it in their wallets. And according to Santiment, these whales hold almost half of the circulating supply of bitcoins.

These coin accumulations were recorded across wallets holding 100 to 10,000 bitcoins. They have increased their holdings by 100,000 bitcoins in a month and a half. At the same time, the holdings of wallets holding 10,000 to 100,000 bitcoins have dropped by nearly the same amount.

Featured image from Fox Business, chart from


Tagged : / / / / / / /

Dogecoin Will Ignite 58% Breakout if It Takes Out Crucial Resistance, According to Crypto Trader Scott Melker

Crypto analyst and trader Scott Melker is sharing his Dogecoin (DOGE) analysis, teasing the possibility of a significant DOGE breakout.

Melker tells his nearly 500,000 Twitter followers that if DOGE can surpass its immediate resistance at $0.26, the asset could surge 58% toward $0.38. However, the trader says that if bulls want to make a move, they have to do it soon.



“Potential bull pennant off the lows. Target ~0.38 if it breaks descending blue resistance.

Big if. Pennants often break support and form flags. Also, needs to make a move soon or the flag becomes a bit too long.”

Source: Scott Melker/Twitter

At time of writing, DOGE is trading at $0.24, according to CoinMarketCap.

Melker is also looking at Cardano’s chart (ADA), noting that the Ethereum competitor is showing signs of life and may continue to climb toward key areas of resistance at $1.60 and $1.85.

“Took a little while to start showing strength after the breakout, but looks likely to keep pushing. Key levels marked.”

Source: Scott Melker/Twitter

As for the top smart contract platform itself, Melker believes that if Ethereum can flip the $2,290 level from resistance into support, ETH could surge back up to $3,000.

“ETH/USD. Retest of $2,042 that I discussed a few days ago was successful. Clean break and retest of descending blue resistance in the same spot. Flip the EQ (middle point) of the range and $3,000 back in play. Dashed line is the whole ball game for now.”

Source: Scott Melker

Ethereum is currently hovering a few dollars below Melker’s key level at $2,283, according to CoinMarketCap.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix




Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Bruce Rolff


Tagged : / / / / / / Reportedly Hit With DDoS Attack, Ransom Demand

In brief

  • Information resource got hit with a DDoS attack today, according to its operator.
  • The “overwhelming” attack overloaded it with useless traffic.
  • Attackers have since reportedly demanded a ransom of 0.5 Bitcoin.

The original Bitcoin website was today hit with an “overwhelming attack” and a ransom demand, the site’s operator confirmed to Decrypt

According to the pseudonymous operator of the website, Cøbra, a distributed denial-of-service (DDoS) hit and then the attackers demanded 0.5 Bitcoin—$17,055 at today’s price.

A DDoS attack is a coordinated attempt to overload a website with useless traffic and in turn bring it down. Such attacks are common in the crypto world. Bitcoin wallet manufacturer Trezor was last year hit by such an attack, as was crypto exchange Poloniex.

“It’s a very overwhelming attack, it’s a struggle to deal with, and I don’t know how long we’ll be down for,” Cøbra told Decrypt. As of publication, the site has come back online.

He added in a tweet: “I don’t think I’ve been this offended in a while. Ungrateful scum.” is an educational resource that was first registered in August 2008. The website helps people get involved with Bitcoin, the biggest cryptocurrency by market cap, by providing information on where to buy the asset and explaining its use cases.

Last month, the website lost a UK lawsuit after Cøbra opted to preserve his pseudonymity rather than defend himself against charges of copyright infringement from Craig Wright, who claims to have invented Bitcoin. As a result of the default judgment, must remove the Bitcoin whitepaper from its website for UK visitors.


Tagged : / / /

World Economic Forum Article Highlights How Blockchain Could Help Tackle Corruption in Government Services

An article published on the World Economic Forum (WEF) website by a company executive, stated the benefits of blockchain, saying that the emerging technology could be the solution to mitigating corruption in government services.

Blockchain Application for Public Procurement and Land Registry

Matthew Van Niekerk, the co-founder and CEO of Blockchain-as-a-Service (BaaS) solution SettleMint, mentioned two use cases where blockchain could prove useful for government applications. The use cases highlighted by Van Niekerk are public procurement and land registry. 

According to the SettleMint CEO, public procurement is prone to corruption because of the potential financial gains involved, and the ease of concealing corruption acts. Also, other parties such as the media, regulatory bodies, citizens, and end-users were discouraged from participating in the procurement process because information could be delayed, modified, and untrustworthy. 

Furthermore, public officials and private businesses are mostly involved in the procurement process, giving room for corruption practices. However, Van Niekerk opined that blockchain could offer transparency at various stages of the procurement process. 

Also, the SettleMint CEO said that the adoption of the emerging technology can “encourage a wider coalition of stakeholders to participate in and monitor procurement cycles.” In addition, the use of distributed ledger technology could prevent information tampering, while providing accessibility real-time to an ongoing procurement process. 

Van Niekerk also noted the inefficiencies in the land registry process. According to the executive, the long delay associated with closing a property sale, and the bottlenecks involved in the registration systems. Meanwhile, the SettleMint head noted the adoption of blockchain could help trim down the steps required to sell land, and also remove transaction bottlenecks, thereby eliminating the need to bribe top-ranking officials to speed up the process.

As reported by BTCManager earlier in 2021, Medici Land Governance (MLG) in partnership with the Liberian government to leverage blockchain technology to improve the land use system in Liberia. 

Blockchain continues to see increased adoption across different industries and sectors, including health and trade. In April, the European Investment Bank (EIB), was considering adopting distributed ledger technology for bond sales. Meanwhile, supply chain management (SCM) has seen numerous applications of blockchain-based solutions.

Related posts:

Like BTCMANAGER? Send us a tip!

Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Tagged : / / / / / /

Beeple Helps Wimbledon NFT Sell for $178,000

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.


Tagged : / / owner reports site hit with ‘absolutely massive’ DDoS attack

A website aiming to support the development of Bitcoin has reportedly been hit with a DDoS attack.

Cøbra, the pseudonymous owner of, reported on Twitter today that the website had been hit with an “absolutely massive” distributed denial of service, or DDoS, attack along with a ransom demand for an undisclosed amount of Bitcoin (BTC). At time of publication, is still accessible.

“Back in the day you could put up a reasonable fight against most DDoS attacks,” said Cøbra. “Now they just down you at will. There is no ‘fight’ anymore, you go down and stay down until they leave you alone.”

While DDoS attacks have previously targeted major crypto exchanges, it seems somewhat unusual for attackers to go after a site like, which holds no information about funds or users, only open-source information on the BTC blockchain and the cryptocurrency. The website was the target of a similar DDoS attack in December, which resulted in users being unable to access the Bitcoin Core software for a few hours.

Last year, major DDoS attacks targeted Binance, OKEx and Bitfinex. At the time, CEO Changpeng Zhao claimed that the attack on Binance was undertaken by its competitors in an attempt to harm its reputation rather than steal funds.

Related: CZ Blames ‘Self-Perceived Competitors’ for New DDoS Attacks on Binance

This isn’t the first time the website has been in the news in recent weeks. has also been the target of legal threats from Craig Wright, the man who claims he created Bitcoin. Last week, a U.K. court ruled in favor of Wright claiming copyright infringement against for hosting the Bitcoin white paper — Cøbra did not mount a defense to the lawsuit.

“I didn’t show up because defending against nonsense is a waste of time,” the owner said at the time.

Following the court ruling, blocked access to download the Bitcoin Core software for any user with a U.K.-based IP address. The project has also removed any links to the Bitcoin white paper.