[CoinNess.com Market Surveillance June 10: BTC Price Fluctuates Above $7650 Level]As of 11:00 (UTC) on June 10, the global index of Bitcoin (BTC) price fluctuates above $7,650, marking $7,683.74. It has registered a decrease of 2.81% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 12 indicators sending out a selling signal, five showing a neutral signal, and one indicating a buying signal.
The broad market shows a downtrend, with 17 out of Top 100 cryptos by market cap rising.
The global market cap reads $244.78 billion, and the 24-hour trading volume is $63.79 billion.
Major Coins 
1. BTC quotes show 7,610.11 USDT on Binance, $7,631.00 on Bitfinex and $7,634.42 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: 
ETH marks $234.72 (-3.85%); 
XRP marks $0.3865 (-5.93%); 
BCH marks $377.25 (-3.91%); 
EOS marks $6.14 (-4.07%); 
LTC marks $115.41 (-1.84%); 
ETC marks $7.97 (-4.59%).

1.The Russian Duma considers the introduction of administrative penalties for mining of cryptocurrencies on open blockchains. 
Russian lawmakers are considering introducing administrative penalties for those who mine cryptocurrencies via open blockchains, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, told news agency TASS.
Mr Aksakov noted that operations involving cryptos that are not covered by the Russian laws would be considered illegitimate. This means that mining of such instruments would be banned. Violating the prohibition would result in administrative penalties - fines.

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2.According to MEET.ONE, Liberland released the EOSIO-based blockchain road map. Liberland has cooperated with Ghostbusters to lead the direction of their blueprint. Ghostbusters has started to engage in the development of tools and the construction of the infrastructure with their expertise in EOSIO blockchain technology. This will provide a fundamental support for the Decentralized Autonomous Government (DAG).

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VELIC, a crypto exchange out of South Korea, recently finalized its partnership with payment processor Simplex to enable its global users to purchase a range of popular cryptocurrencies with a credit card.
Users are able to buy BTC, BCH, ETH, XRP, LTC with both USD and EUR. Once purchased, these coins can be traded on VELIC Exchange. Users are able to receive credits on Simplex fees in the form of native exchange token (VELT) on purchases of cryptocurrency $50 - $20,000.

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Question: 

What are the advantages of Bitcoin?

Answer:

• Payment freedom - It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
• Choose your own fees - There is no fee to receive bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 bitcoins for the same fee it costs to send 1 bitcoin. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants' bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.
• Fewer risks for merchants - Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.
• Security and control - Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.
• Transparent and neutral - All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.