[CoinNess.com Market Surveillance June 7: BTC Swings Above $7900]As of 11:00 (UTC) on June 7, the global index of Bitcoin (BTC) fluctuates above $7,900, currently marking $7,980.96 with an increase of 1.57% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with five indicators sending out a selling signal, three showing a neutral signal, and ten indicating a buying signal.
The broad market sees more bulls than bears, with 78 out of Top 100 cryptos by market cap in an uptrend. 
The global market cap reads $255.11 billion, and the 24-hour trading volume is $71.91 billion.
Major Coins 
1. BTC quotes show 7,936.43 USDT on Binance, $7,974.78 on Bitfinex and $7,959.74 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $249.51 (+0.95%);
XRP marks $0.420 (+4.40%);
BCH marks $398.41 (+1.35%);
LTC marks $113.10 (+8.15%);
EOS marks $6.46 (+1.28%);
ETC marks $7.97 (-0.33%). 

1.According to Bloomberg, India may be contemplating a jail sentence of between one to ten years, for all investors in cryptocurrency, who are either holding, transacting or mining it. The development is said to be part of the draft "Banning of Cryptocurrency and Regulations of Official Digital Currency Bill, 2019," reported Bloomberg Quint.
Further, any offense associated with such acts will be cognizable and non-bailable. However, such a penalty will be imposed depending on the gravity and extent of the offense and the offender's actual or intended gain.
The draft bill also introduces a time period of 90 days following the act's commencement, for the disposal of all cryptocurrencies by crypto-holders. According to Bloomberg Quint, the act also envisions the appointment of a regulator.
One of the most striking features of this draft bill is the prospective introduction of a new government-backed digital Rupee, in consultation with the country's central bank, the Reserve Bank of India.

                                                              Read More

2.According to CoinDesk, a financial report from the NEO Foundation showed the initial coin offering in 2016 raised $97,517 plus 8,169 Bitcoin, the latter of which was mostly liquidated for more than $8.3 million by February 2018.
Meanwhile, around 100,000 "unclaimed" NEO tokens that, according to the foundation, people bought during crowdfunding sales but never added to their wallets, will revert to the foundation in October 2019, the financial report said, if the participating wallets aren't registered for the swap.

Read More

Japan's Blockchain Collaborative Consortium (BCCC) held the 17th Risk Management Council on May 28 in Tokyo and discussed about risks and regulations of crypto-involved money laundering activities through the dark web.
Naoshi Kozuka, representative of the Credit Intelligence Service, said that money in the dark web is flowing rapidly into the crypto world, tarnishing cryptocurrencies.
With the popularity of crypto assets, more and more cryptocurrencies are used in settlements in the dark web, in fraudulent ICOs, and in illegal exchange outflows, according to Mitsubishi Comprehensive Research Institute.

Read More
 

Question: 

What Are Mining Transactions in Blocks?

Answer:

New transactions are constantly flowing into the network from user wallets and other applications. As these are seen by the bitcoin network nodes, they get added to a temporary pool of unverified transactions maintained by each node. As miners construct a new block, they add unverified transactions from this pool to the new block and then attempt to prove the validity of that new block, with the mining algorithm (Proof-of-Work). The process of mining is explained in detail in mining.