Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times, CoinDesk’s Chief Insights Columnist David Z. Morris writes. In the weeks since Sam Bankman-Fried’s cryptocurrency empire was revealed to be a house of lies, mainstream news organizations and commentators have often failed to…

Breaking crypto news from the last week (Nov. 26–Dec. 2, 2022): Nov. 27: Recently announced, Binance’s Proof-of-Reserves system met criticism from Kraken’s CEO Jesse Powell. Soon, Binance CEO Changpeng “CZ” Zhao responded on Twitter to the remarks made by Jesse Powell. CZ was quoted as saying “Upcoming Plans: Involve third-party auditors to audit PoR outcomes.”…

Despite the liquidity crisis in the crypto sector, criminal activity targeting the crypto industry does not seem to be slowing down, Gulf News reported. The UAE cryptominers must beware of ‘cryptojackers,’ as 11% of all corporate users affected by ‘cryptojackers’ in the META region this year were from the UAE. According to cybersecurity and anti-virus…