Are you curious about the potential of [Cryptogrind](https://crypto-grind.com/) and its workings?

Cryptogrind is an easy and secure platform, helping users to find freelance services or pay for jobs using [Bitcoin](/coins/btc).
Almost everyone knows the potential freelancing carries for us, especially in the post-Covid era. The days are long over when it was considered only a $5 job. There's even the possibility of earning in crypto while doing freelance projects.

As a freelancer, the idea of Bitcoin freelancing can be quite lucrative. But, how do you land clients ready to pay you in Bitcoin?
A relatively easy option for you to find crypto-minded employers and freelancers in one place is Cryptogrind. It is a platform where you can offer your services to earn in Bitcoin. So, if you're wondering how it works and whether it's legitimate or not, here's a thorough Cryptogrind review!

## What does Cryptogrind do?

It is a freelancing platform, just like Fiverr or Upwork, but it deals in Bitcoin only. You can join it either as an employer or a freelancer to get services or get paid in Bitcoin. Users can offer any freelance services and can find jobs for it. This crypto jobs board covers all major domains like - digital marketing, graphic designing, writing, web designing, videography, and more.

Cryptogrind is an easy-to-navigate site with an intuitive interface. You can enter its directory and post or apply for jobs according to your skills. Besides, it provides a secure path for payments through Escrow. If you are a freelancer, you can enjoy its services for free. But, as a recruiter, you might have to pay a small amount for posting each job.

## Prominent features of Cryptogrind

The platform offers various features that will help you in your freelancing journey. And if you're an employer, finding resources would be a straightforward task for you on this platform. Here why you should consider giving it a try:

1.   Expanding jobs and freelancers directory
The platform offers you an expanding directory of both jobs and freelancers. It allows employers to post as many jobs as they want in a number of domains. And freelancers can register themselves for as many services as they like.
2.   Intuitive interface
Its user interface is quite user-friendly, meaning there's no necessity to be tech-savvy to work on this platform. And if you face any technical issue or payment disputes, its 24/7 customer support can help you resolve such concerns.
3.   Payments in Bitcoin
A unique feature of this platform is that all the payments here will be in Bitcoin. You will be able to secure jobs that pay you in Bitcoin and can get services by paying in Bitcoin. 
4.   Escrow secure transactions
The platform performs the role of an escrow between the employer and the freelancer. It allows transparent transactions by ensuring freelancers render services as per the agreement. It also assures that employers pay freelancers the agreed amount for their services.
The platform also has a multi-signature feature. This feature allows it to access the Bitcoin blockchain for payments. That’s why you won’t need to manage a hot wallet to keep your money secure.   
5.   Referral bonuses
Cryptogrind provides an extra earning opportunity through its referral program. If you introduce the platform to others, you might earn a 2% commission for each individual who starts using it.

## Is Cryptogrind still operating?

Unfortunately, Cryptogrind isn’t operating currently. According to its official Twitter account, the platform is going through some maintenance. There is no information about the measures the company is taking right now. There’s no specified time for its relaunch.

The platform has been working since 2014, but in 2021, it halted all its operations. It’s the main reason that has raised many questions about its legitimacy. People have lost trust in the ecosystem. Thus, many have moved towards Cryptogrind alternatives for consistent Bitcoin freelancing.

## Final thoughts: Is Cryptogrind legit?

Cryptogrind is one of the earliest names in Bitcoin freelancing. It has been in the business since 2014 and was a popular choice for both recruiters and freelancers. It offered a variety of features that helped in promoting Bitcoin freelancing. The platform enabled freelancers to create profiles and earn Bitcoin.

But, the platform has stopped its operations since 2021 for maintenance purposes. This made some people skeptical about its legitimacy. Nevertheless, many recruiters and freelancers have benefited from this platform. The security it ensures for transactions is another reason to trust the ecosystem. That’s why if it becomes functional again, it can be an excellent platform for Bitcoin freelancing.


Cryptogrind: Bitcoin Freelancing

Shares of Robinhood, a struggling stock trading platform, surged 14 percent on Monday after reports that crypto millionaire Sam Bankman-Fried's firm FTX is considering a possible acquisition of the company.
Amongst behemoths like Coinbase and Binance, FTX has also grown to be one of the most popular and largest ($10 billion average daily trading volume) cryptocurrency exchanges in the world. The UK market woke up to the news that FTX is "deliberating internally" on how to acquire Robinhood, Bloomberg reports.

It was around 3 p.m. ET when the news of FTX's possible interest in Robinhood came to light. About ten minutes later, trading had resumed. In a statement, Robinhood refused to respond to questions. A message left for FTX seeking comment was not immediately returned.
A takeover of Robinhood has not yet been formally approached by FTX, according to the sources, and the company has yet to make a final decision. In an email to Bloomberg, Sam Bankman-Fried (SBF) stated, "We are enthused about Robinhood's business possibilities and the possible ways we could collaborate with them. However, there are [no active M&A discussions taking place with Robinhood](https://www.reuters.com/markets/deals/bankman-frieds-ftx-seeking-path-buy-robinhood-bloomberg-news-2022-06-27/)”. 

Company documents show that Robinhood co-founders Vlad Tenev and Baiju Bhatt hold more than half of the company's voting power. Emergent Fidelity Technologies, a firm owned by SBF, purchased a 7.6 percent investment in Robinhood (HOOD) valued at $648 million in an SEC filing weeks earlier. The third-largest shareholder Emergent, a SBF founded company, was founded with the purpose of this purchase. Because it was "an attractive investment," the company stated in the petition. Subsequently, after the news was clarified the share price of HOOD started correcting towards market close yesterday. We will see if the sell off remains at the US market open.

This year, [Robinhood introduced a crypto wallet feature](https://www.monitalks.io/news/article/robinhood-crypto-wallet). It's been a rough year for investors in Robinhood, which has seen its stock fall by more than half since January, as the market struggles to recover from the fallout from the COVID-19 outbreak that made the business famous among retail "meme stock" traders.

According to Robinhood's first-quarter financial results released in April, the company lost $392 million. Annual revenue fell 43% to $299 million in the third quarter, and the business admitted that its monthly active user base had shrunk. The rapid expansion of the company's employees had resulted in job overlap and the company had to lay off 9% of its workers in that month.

## Can you use Robinhood and FTX in the UK?

Robinhood is registered with the SEC and only available for US citizens. There are no current plans reported by Robinhood to expand into the UK. "We are looking into the UK and thinking about expanding into the U.K. and we are just starting discussions with the FCA," Patrick Gruhn, head of FTX Europe told [CoinDesk](https://www.coindesk.com/business/2022/03/29/ftx-europe-in-talks-with-the-fca-to-expand-into-the-uk/) in an interview at the end of March.





FTX founder says no talks to buy Robinhood

The volume of internet searches for 'bitcoin scam instagram' has rocketed following incidents of accounts on the Meta platform being hacked.
[The Identity Theft Resource Centre (ITRC)](https://www.idtheftcenter.org/) reported a significant increase in victims of Instagram account takeovers linked to Bitcoin scams since October 2021.

According to ITRC findings, fraudsters construct Instagram posts regarding Bitcoin investments to entice other users. When a user clicks on the link, their money is gone, and their Instagram credentials are compromised.
The victim's Instagram account is then locked, and the account is utilised to post further links to phoney [Bitcoin](/coins/btc) investments.
This is what has sparked the rise in searches for 'bitcoin scam instagram' on Google.

You should never disclose your Instagram account passwords to anybody else. Use a strong password and two-factor authentication to secure your account. If an Instagram post appears too good to be true, it most often is.

Bitcoin Instagram scams and hacked Bitcoin Instagram accounts have been around for a long time. However, the ITRC is witnessing a considerable increase in victim queries concerning hijacked Instagram accounts. The Centre says it is now receiving four times as many reports each month than it has previously.

This heightened awareness is mirrored in the increased online interest in 'bitcoin scam instagram' searches.
According to the ITRC, fraudsters impersonate people their victims know to get personal information. Some victims are discovering that their Instagram accounts have been locked and that fraudsters are posting things in the hopes of defrauding others.

Some victims have complained that even if they did not submit their information to a scammer, they still had a hacked account or account takeover. While it appears that users are being targeted in numerous ways to get login information, their account information may also have been accessed using information from breaches, including Facebook login information, especially if the username and password were never updated.

The ITRC has also seen victims have their accounts faked using their public photos. Cybercriminals then track the victims and send them communications containing a scam or harmful link.

There are steps you can take to protect yourself:

•	Never give out your password or any other sensitive information to anybody
•	Make sure your password is difficult to guess
•	 On your account, enable two-factor authentication (2FA). Go to "Settings," "Security," and then "Two-Factor Authentication" to enable 2FA on Instagram. Tap "Get Started," then either "Authentication App" or "Text Message." Because SMS messages can be faked, the ITRC suggests using an authentication app
•	Check that the email address linked with the account is safe. It is also a good idea to use 2FA to safeguard your email
•	Third-party apps should not be downloaded through a social networking platform. Download software only from Apple, Google, and Microsoft's official app stores

You can contact the ITRC to learn more about stolen Instagram accounts and what you can do to secure the information that a fraudster may have access to.

Bitcoin Scam Instagram: Why this Phrase Matters

According to reports, Goldman Sachs, one of the world's largest financial organisations, has begun exploring the idea of purchasing assets from the crypto lending company Celsius Network, a company with deleveraging complications contributing to the crypto bubble chart as seen in the market of late. They are reportedly working on a $2 billion acquisition deal. 


## Goldman Sachs's involvement in the Celsius acquisition


Goldman Sachs has begun an industry-wide interest aggregation by identifying interested investors and obtaining significant commitments from them. 

According to a Goldman Sachs survey, insurers are exploring the idea of cryptocurrencies. According to the study, 6% of the three hundred and twenty-eight chief investment officers and chief financial officers had invested in or considered investing in cryptocurrency.

According to sources, [Goldman Sachs](https://watcher.guru/news/goldman-sachs-is-raising-2-billion-to-buy-celsius-network-assets) had targeted investors in Web3 crypto funds that specialise in distressed assets and traditional financial institutions. Majority of Celsius assets would most likely be cryptocurrency managed by participating investors. 

However, the CEO of a cryptocurrency trading platform remarked that unless Goldman Sachs explicitly states that they are purchasing Celsius, we should take the claims with a pinch of salt. It could simply be a PR stunt. 

Before its problems, Celsius was one of the top crypto lenders, with roughly $12 billion in assets under administration and 1.7 million members.


## Celsius CEO on the run after contributing to the crypto bubble chart 


A well-known cryptocurrency investor and analyst recently tweeted that Celsius Network CEO Alex Mashinsky was on the run and attempted to flee the USA this week via Morristown Airport before being detained by police. Currently, it is unknown whether he was banned or arrested. 

Celsius CEO Mashinsky was going to leave for Israel; while claiming that the monies were secure, [Celsius Network halted consumer withdrawals](/news/article/celsius-crypto-freezes-withdrawals). It was a significant contributor to the negative sentiment and herding behavior of mass selling resulting in the  second of the two crypto bubbles we have seen. Mashinsky has remained silent since then, and there is no indication of when the customer monies will be returned.


As of 8:56 a.m. (BST), the Celsius crypto bubble chart price is $0.79, a change of -20.60 per cent in the previous 24 hours. The current price movement in Celsius has resulted in a market capitalisation of USD 547,793,645.88. Celsius has changed by -82.59 per cent so far this year. Bitcoin plummeted 14% on Monday after a prominent cryptocurrency lending firm in the United States, Celsius Network, halted withdrawals. 

The Celsius crypto bubble chart price move spurred a sell-off in cryptocurrencies, with their value falling below $1 trillion for the first time since January 2020, raising concerns that the collapse may spread to other assets or firms.

For more crypto business news, visit us at [Moni Talks](/news/category/crypto-business-news).


How Celsius blew up the crypto bubble chart

The UK parliament member, Matt Hancock urged the issue of Bitcoin’s necessity of having an open [regulatory framework](/news/article/crypto-tax-UK) that resulted in a crypto analyst positive stance on the sector.

Hancock recently revealed that even though the crypto market did go through a huge sell-off, that hasn’t shaken his faith in the sector. 

Regarding the recent crash of the cryptocurrency terra (LUNA) (UST), he said that this was just something that happens even in the mature markets.

“The crash of Luna and the pressure on other stablecoins serves as a reminder that cryptocurrencies are still currencies and the age-old rules of finance still apply,” he opined and compared the situation with the dot-com bubble crash in 2001.

“The underlying technology is so powerful … Just because the dot-com bubble crashed in 2001, we didn’t discredit the internet as a technology,” he concluded.

“No country can stop this revolution. We can only choose whether it happens on our shores or happens to us from elsewhere,” he commented and added that the UK can succeed only if and when it decides to embrace the new technology.

This also means, said Hancock, that the government has to be able to adjust to crypto because, in liberal governments, no one should tell “people what they can and can’t do with their money”.

“The job of the regulators is to make sure there is high-quality information and that the market functions effectively. What remit does the state have to tell them what they can and can’t invest in? I think that’s incredibly patronizing, ”Hancock asserted.

Aligned with Hancock’s sentiment, the crypto analyst Madeleine Hume also believes that [crypto integration](https://www.morningstar.co.uk/uk/news/220381/5-charts-on-crypto%2339%3bs-past-present-and-future.aspx) is crucial. “Rather than a swift takeover, we expect that integration with existing systems across financial services and other sectors will likely determine future adoption rates in the space,” she commented.

Hancock is no stranger to being a [crypto advocate](https://www.monitalks.io/news/article/crypto-tax-UK). He is famous for his claims that crypto regulation can be fantastic for the growth of the overall economy but also for making financial systems more transparent and reducing crime. 

“We must understand and harness the potential of new technologies, not fear and avoid their disruptive power,” he said.

Still, he admitted he hasn’t invested in cryptocurrencies himself explaining that he wanted to “speak freely” about it without fear of having a conflict of interest.


Crypto analyst view correlates with UK parliamentary sentiment

The Singapore crypto scene is one of the main attractions in the unregulated digital currency landscape due to the country’s friendliness towards the new financial revolution. 

Unfortunately, the country’s regulator’s tightening on digital finance in[ June](https://cointelegraph.com/news/brutal-and-unrelentingly-hard-singapore-regulator-s-clampdown-on-crypto) contradicts Tharman Shanmugaratnam, a senior minister in the Cabinet who saw a lot of positives in digital assets in the sovereign island country and this has sent shockwaves across the markets. 
On Thursday, June 23, the central bank and financial regulator of one of Asia’s booming economies pledged to be unrelentingly hard and brutal on any transgression from major stakeholders in the digital currency industry. 

These comments were made by Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) who explained in an interview with the Financial Times (FT) which was highly monitored by [MoniTalks. ](/news)

The Fintech Officer also criticized market participants who believe the country is losing its status as a friendly state for alternative finance. 
He responded that his country should not be friendly with decentralized finance because it can only deal with actors in a real economy and not some “unreal economy”.

To many firms in the space, this is a complete turnaround from what cabinet minister Shanmugaratnam said in October 2021. 
At the peak of the markets during the first month of the last quarter of 2021, he pointed out that digital tokens may have a role in future finance that goes beyond illicit finance and pure speculation. 

He added that the country was laying the foundation for becoming a crypto-technology hub which will make it easy for tokenization, trading, and custody services to be provided by companies. 

With that said, Chief Fintech Officer, Sopnendu Mohanty believes the current financial crisis can be attributed to the world being lost in private currency. 

As a result, the Asian state has enacted a painfully slow due diligence process that grants licenses to businesses associated with the digital currency market. 

Singapore crypto became a mainstay in the space because firms enjoyed low taxes. 

Unfortunately, the view in which the minister sees a place for crypto in the Asia hub has been replaced by regulations that aim to pave the way for the introduction of central bank digital currency (CBDC) which could be launched in the next three years. 


Latest Moni

Crypto Business News | Page 15

Read the latest crypto business and market news from around the world.

Cryptogrind: Bitcoin Freelancing

FTX founder says no talks to buy Robinhood

Bitcoin Scam Instagram: Why this Phrase Matters

How Celsius blew up the crypto bubble chart

Crypto analyst view correlates with UK parliamentary sentiment

Singapore Regulator’s Clampdown on Crypto

Blackrock investing strengthens crypto’s position

Ankr receives significant investment from Binance

How to exchange Monero (XMR) to GBP in the UK