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Uniswap, the popular decentralized cryptocurrency trading platform, is allegedly being secretly controlled by the prominent investment fund Andreessen Horowitz.

A16z, a venture capital that invests in crypto and web3 startups, has voted against Uniswap v3 being deployed on the BNB Smart Chain (BSC). A16z Rejects Launching Uniswap V3 On BSC BNB Smart Chain is a smart contracting platform developed by Binance, a cryptocurrency exchange leading in trading volumes and client count.

Andreessen Horowitz (a16z) voted against the deployment of decentralized exchange (DEX) Uniswap (UNI) on the BNB Chain via Wormhole.

The VC giant has used its overwhelming voting power in an attempt to quash a proposal by Uniswap governance.

Venture capital firm Andreessen Horowitz (a16z) has voted against the final proposal to deploy Uniswap v3 on the BNB Chain using the Wormhole bridge, according to the Uniswap DAO forum. What Happened: The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2 by 0xPlasma Labs on behalf of the Uniswap Community.

Key Points: Recently, crypto-conscious people have been concerned about the story of a16z dominating the vote to install Uniswap on the BNB chain. Initially, it was revealed that a16z uses 15 million UNIs to “dominate” the vote, but the crypto community has updated that a16z controls 41.

The venture firm used its 15 million UNI holding against the deployment using the Wormhole bridge.

Some of the most influential people in the cryptocurrency industry, such as Changpeng Zhao “CZ,” have expressed their belief that Andreessen Horowitz's cryptocurrency arm, a16z, is in charge of the decentralized exchange Uniswap.

Uniswap price analysis reveals that UNI/USD is currently in a bearish trend today following a significant drop in its price. The token opened the day at $7.26 and dropped to as low as $7.04, representing a 3.87% decline.

Crypto community governance politics may take center stage this week as earnings season rolls on.

A16z has used 15 million UNI tokens to vote against a community proposal that would see Jump Crypto-backed Wormhole used as a the bridge in deploying Uniswap V3 on BNB Chain.

The price of Uniswap (UNI) is still rising. The cryptocurrency's price is experiencing a series of higher highs and higher lows.

Key Points: A Uniswap community poll to validate and select a cross-chain solution for this exchange on BNB Chain initially favored Wormhole. However, the final outcome will be quite uncertain and stated that a16z uses 15 million UNIs to “dominate” the vote.

According to the most recent Uniswap price analysis, cryptocurrency is trending upward, as strong purchasing momentum is being seen. Green candlesticks have passed the $7.10 barrier and are currently marching toward their next objective.

Ric Burton, the CEO of Balance, has stated that he believes he was taken advantage of by Hayden Adams, the creator of Uniswap, whom he had thought to be one of his "closest friends."

Balance CEO Ric Burton claimed he was double-crossed by Uniswap founder Hayden Adams, who, at one point, he considered one of his “closest friends.” Burton had invested time, friendship, and an unspecified sum of money in supporting Adams to take Uniswap to market.

BlackRock's ETF, iShares Core S&P 500 ETF (CSPX), is now tokenized on ethereum trading on Uniswap.

The iShares Core S&P 500 ETF (CSPX) by BlackRock is now a token on ethereum trading on the defi platform Uniswap.

A vote on choosing a cross-chain bridge to connect Uniswap with BNB Chain sparked a significant behind-the-scenes push. 

TL;DR Breakdown Uniswap price analysis suggests an upward movement to the $7.50 mark The closest support level lies at $6.291 UNI faces resistance at the $7.046 mark The Uniswap price analysis shows that the UNI price action has broken above the $7.00 mark as the bulls continue the rally.

Recent Uniswap price analysis for today shows that the market is showing a bullish trend and pushing toward higher levels. The market opened today's trading section in bullish momentum, pushing from the support at $6.46 to a high of $6.64 but then failed to break it and pulled back towards the support level.

On 31 January, Uniswap [UNI] released details related to its new Permit2 smart contract, which is a token approval contract that can share and manage token approvals of different smart contracts. According to the latest tweet, Permit2 smart contract allows for seamless token approvals across web3 dApps, making things easier.

A behind-the-scenes battle broken out among deep-pocketed crypto investors as Uniswap moves to select a cross-chain bridging protocol partner.

Wormhole got over 60% of the vote in the Uniswap DAO referendum, with LayerZero coming in second.