[CoinNess.com Market Surveillance June 5: BTC Swings Above $7800]As of 11:00 (UTC) on June 5, the global index of Bitcoin (BTC) price currently fluctuates above the $7,800 level, marking $7,877.81. It has registered a decrease of 1.30% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Sell" with 11 indicators sending out a selling signal, three showing a neutral signal, and four indicating a buying signal.
The broad market shows a downtrend, with 32 out of Top 100 cryptos by market cap rising.
The global market cap reads $251.66 billion, and the 24-hour trading volume is $82.18 billion.
Major Coins 
1. BTC quotes show 7,873.16 USDT on Binance, $7,889.40 on Bitfinex and $7,859.60 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 
ETH marks $247.19 (-0.25%); 
XRP marks $0.4057 (-2.02%); 
BCH marks $408.89 (+2.95%); 
LTC marks $104.54 (-0.48%); 
EOS marks $6.49 (-3.29%);
ETC marks $8.26 (-7.52%). 

1. Sigal Ribon, the Head of the Monetary Policy Division at the Bank of Israel, squashed budding hopes for the introduction of a digital shekel on June 4, stressing that Israel has no plans to become the first developed country to issue a national digital currency.
“We do not recommend to issue a digital Shekel any time soon,” said Ribon. “No developed country has yet to issue a national digital currency. Another reason is the relative lack of technological structure in Israel. We have prominent startups and entrepreneurs, but our basic infrastructure is far from able to facilitate that,” she added.

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2. Former Mt. Gox CEO Mark Karpeles attends a news conference at the Foreign Correspondents' Club of Japan Wednesday, June 5, 2019, in Tokyo. Karpeles, arrested in Japan after his Bitcoin exchange collapsed from massive hacking, is starting a new business around the same computer technology that led to his legal troubles. Karpeles told reporters he wants to make Japan a global leader in blockchain, the technology behind virtual money like Bitcoin.

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Japanese e-commerce giant Rakuten has partnered with Japan's biggest railway firm, the East Japan Railway Company (JR East), to promote cashless payments. The news was reported by Cointelegraph Japan on June 5.
The partnership will enable commuters to charge and use their rechargeable smart fare card — JR East's "Suica" — via the Rakuten Pay mobile App.

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Question: 

Why Blockchain is a trusted approach?

Answer:

Blockchain can be trusted due to so many reasons.

• The very first one is its compatibility with other business applications due to its open-source nature.
• Second is its security. As it was meant for online transactions, the developers have paid special attention in keeping up the pace when it comes to its security.
• It really doesn’t matter what type of business one owns, Blockchain can easily be considered.
• Transaction histories are Transforming to a technically updated and secured one's with the implementation of Blockchain.
• Increased efficiency and speed.
• Reduced costs and RoI will automatically grows.