The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
Going Long
What Does “Going Long” Mean In Crypto Trading
"Going long" in crypto trading refers to buying an asset with the expectation that its value will increase and then selling it at a higher price to make a profit. This is the opposite of "going short," which involves selling an asset you do not own with the expectation that its price will fall so that you can buy it back at a lower price and make a profit. To go long on a cryptocurrency, an investor would purchase the…
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