"Embed code appears to be invalid"... for YouTube?

I haven't been able to submit any videos for a couple months now at least. I've been sifting on and off again for over 5 years, and I haven't changed the way I do it. Why does it suddenly not work?

Here's what I do:
1. In YouTube, go to the Share > Embed section under the YouTube video
2. Copy the embed code
3. Paste the embed code into Video Sift's "Submit New Video" section.

Example embed code:
<iframe width="560" height="315" src="http://videosift.com//www.youtube.com/embed/UTUMt05_nCI" frameborder="0" allowfullscreen></iframe>

I've also tried switching computers, with no success.

I miss sharing those random gems when I find them! Help!

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