from the ah-yes,-the-ministry-of-truth dept Remember when the Biden administration set up something called the “Disinformation Governance Board” and the entire MAGA universe lost its collective mind? It was the “Ministry of Truth.” It was “government speech police.” It was the single most Orwellian thing any American administration had ever done in the history of civilization. Nina Jankowicz, the researcher tapped to lead it, received death threats. The whole thing was shut down within weeks because of the outcry. Of course, all of it was an exaggeration. That board was actually set up to coordinate efforts to counter foreign disinformation —…

Crypto’s push for instant settlement is creating a capital inefficiency problem, forcing trading firms to fund every transaction in full and raising concerns about how the market can scale as volumes grow.In practice, that usually means that firms cannot offset what they owe against what they are owed, forcing them to move more capital than necessary to settle trades.Ethan Buchman, founder of Cycles Protocol and a co-founder of Cosmos, says crypto markets are “asset-brained.” He argues it treats the financial system like a global stock market where value is constantly moved and swapped.“But that misses the whole other side of…

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