Barclays Blocks UK Customers From Making Payments To Binance – July 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $34,827

Bitcoin price is sitting just below the $35,000 as volatility continues to dwindle for the cryptocurrency.

Top-20 altcoins are looking stable, as Ethereum gains 3%, XRP remains unchanged and Binance Coin jumps 6%.

Top Stories for July 6, 2021 πŸ”₯

πŸ‘‰ Barclays Blocks UK Customers From Making Payments To Binance

UK customers of Barclays bank have been prohibited from using their bank cards to make payments to cryptocurrency exchange Binance.

Barclays has claimed that the move was made in an effort to protect customers’ funds. The ban has come less than two weeks after the FCA issued a statement saying that Binance Markets Limited is unauthorized to conduct business in the country.

πŸ‘‰ UBS Claims Regulatory Action May Burst The Crypto Bubble

Swiss investment bank, UBS, has circulated a note to clients suggesting that they steer clear from crypto, citing a crackdown by regulators.

The note referenced the recent actions taken by regulators in China, with UBS warning that further regulatory movements “could pop bubble-like crypto markets”.

πŸ‘‰ Brazilian Man Arrested Over Potential Theft Of 7,000 Bitcoin

Brazilian man Claudio Oliveira has been arrested and charged by authorities for allegedly defrauding investors out of 7,000 Bitcoins in investor funds.

Oliveira was the president of Bitcoin Banco Group, which claimed it was hacked in May 2019 but failed to provide evidence of the hack.