THE HASH: Much-Hyped Shibarium Network’s Turbulent Start; Tether to Stop Support for Bitcoin Layer Omni

The most valuable crypto stories for Thursday, August 17, 2023.

“The Hash” team discusses the hottest stories in crypto, including SHIB tokens slipping, as users report bridging issues after the much-hyped Shibarium network went live. Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014. And, a16z crypto chief technology officer Eddy Lazzarin discusses why new projects from the VC firm are focused on ZK proofs, a type of cryptography that can help scale blockchains.

See also:

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

VC Firm a16z Wades Into Crypto Tech Research with ZK Projects ‘Jolt’ and ‘Lasso’

This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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