While many cryptocoins seek to transcend conventional currency, the cryptocurrency Tether claims to back each of its issued tokens with an equal amount of redeemable cash held in a private reserve. That keeps its value predictable, but presents a problem if a token is stolen from one of the company's "treasury" wallets. Today, Token's development team has exactly 30,950,010 problems.
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Less than a week ago, headlines declared that a market-shaking fork in Bitcoin had been averted. But the people backing a new cryptocurrency called Bitcoin Cash have now announced that the expected compromise between warring factions is dead. Next week, the huge Bitcoin fork will begin, and here's what it's all about.