A federal judge in Texas has ruled in favor of plaintiffs in a class action case against Bancor DAO, the organization behind the decentralized finance platform Bancor, after it failed to respond to legal summons.

A Texas federal judge has entered a default judgment against Bancor DAO, which operated the decentralized finance platform Bancor, after it failed to respond to an online summons. Judge Robert Pitman issued the judgment after Bancor DAO did not appear to defend itself following a summons that was posted on the DAO's forum in January 2024.

In a recent announcement, Binance revealed that it would be delisting several tokens from its platform's spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.

The case highlights one of the many lawsuits filed by investors against service providers for financial losses in the volatile cryptocurrency market.

A Texas federal judge on Monday dismissed a securities class action lawsuit against Bancor protocol operators. The judge agreed with a magistrate judge's findings, stating that the plaintiffs failed to prove US courts had jurisdiction over the foreign defendants.

Bancor (BNT) has recently faced a notable decline in its price, slipping by 7% in the past 24 hours to a current value of $0.5829. Despite this short-term downturn, the token remains resilient, demonstrating a remarkable 56.6% increase over the past year.

After a massive spike, Bancor [BNT] lost almost half of its market value as some influential cohorts dumped their holdings. The post Bancor's dramatic weekend: Of 18-month spikes and 50% crashes appeared first on AMBCrypto.

Bitcoin (BTC) and most large altcoins have increased significantly in October and November, with BTC reaching a new yearly high on Thursday.

MINA Protocol (MINA), considered the world's lightest blockchain network, is driving a new wave of altcoins thanks to its remarkable 88% rally in the last 24 hours.

With Bitcoin's bullish hopes waning, investors are rethinking their portfolios. Glassnode data shows HODLers making changes lately, as Bitcoin's stability and short-term holders create a sluggish market vibe.

Eyeing potential gains, LOOM, BNT, and SOL emerge as top altcoins to watch next week amidst market corrections.

The price of an Ethereum-based altcoin, Bancor ($BNT) has recently seen a surge of over 40% in a 24-hour period amid what appeared to be accumulation that has been redirected to a wallet belonging to South Korean cryptocurrency exchange Upbit.

With tens of thousands of altcoins circulating the market, crypto investors can easily miss out on the next 100x coin due to it not being on their radar. This is often not the fault of the investor as it can be hard to keep track of so many coins.

The price action for these two bullish altcoins shows similarities to that of Bancor (BNT) before its upward movement.

In the ever-evolving world of cryptocurrency, Bancor (BNT) has been grappling with a formidable obstacle on its journey. Since March 2023, the price of BNT has been striving to breach the steadfast $0.62 horizontal resistance zone.

The Bancor (BNT) price increased by 70% over the weekend but could not sustain its increase today.

In the midst of a relatively stagnant weekend for the cryptocurrency market, Bancor (BNT) has emerged as a standout performer, with its price surging by more than 50%. This remarkable price rally can be attributed to significant developments within the Bancor ecosystem and notable crypto whale accumulation.

There is an ongoing onslaught in the digital currency ecosystem today, as marked by the more than 0.30% drop in combined market capitalization, which is now pegged at $1.09 trillion. Amid this rout, decentralized finance (DeFi) protocol Bancor (BNT) is shining brightly, with its price up by more than 48% to $0.6201.

BNT cryptocurrency has experienced a significant surge in its price, marking a remarkable increase of nearly 40% within a single day (Upbit BNT accumulation).

Starting with Kaspa, the latest crypto news concerns the celebration of the first transaction of the KAS coin within the institutional trading platform “Uphold Ascent.”

Digital asset firm Okcoin reveals that clients can now “buy AGLD, BNT, DIA, GHST, KP3R, LDO, PERP, and TRB against USD” via the crypto trading platform. All Okcoin customers in the United States and EU (where applicable) can take advantage of this offer.

Bancor (BNT) price fell to a new yearly low on Oct. 13 and the ensuing bounce failed to initiate a reversal. And price is expected to fall further.

The situation seems to indicate rather clearly that there is some possibility of strong declines being triggered

Crypto analytics firm Santiment says that an Ethereum (ETH)-based altcoin with one of the highest supply on exchanges will see increased price swings after trading sideways for some time.

There's no denying the fact that the global macroeconomic landscape has continued to deteriorate rapidly over the past year or so, thanks, in large part, to the Federal Reserve's quantitative easing measures (such as interest rate hikes).

If the move transpires desired results, proposals with new burn amounts will be rolled out in the future. 

Bancor to call more 'burn events' if the proposed effort has an intended bullish effect on BNT's price.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Basic Attention Token (BAT/USD), Bancor (BNT/USD), and 0x (ZRX/USD) are some of the best Ethereum ecosystem tokens you can get before August ends. Basic Attention Token made an announcement that on August 19, 2022, Brave purchased 388,000 BAT, where the company has bought nearly 2.

Due to “hostile market conditions,” pioneer DeFi trading platforms, Bancor, terminated its temporary loss insurance program over the weekend. This prompted accusations that it wasn't truly decentralized.

Bancor Protocol is one of the pioneers in the Automated Market Maker (AMM) space. It created the first-ever AMM – omnipool, which requires all tokens to be paired against their native token, $BNT.

Bancor Protocol is one of the pioneers in the Automated Market Maker (AMM) space. It created the first-ever AMM – omnipool, which requires all tokens to be paired against their native token, $BNT.

Decentralized Finance (DeFi) protocol Bancor, often considered a pioneer in the DeFi space, has come under fire after it paused the impermanent loss protection program. The pause was done citing extreme market conditions and comes at a time when liquidity providers need the protection the most.

Is Bancor risky or safe? Why are Bancor investors wary and considering liquidating their positions?

Bancor, a decentralized exchange on Ethereum, has paused the Impermanent Loss Protection to protect liquidity providers (LPs) as the crypto market slump continues. The DeFi protocol cited large sales of Bancor (BNT) tokens for its action.

Bancor reassured its users that the IL protection feature will be reactivated as soon as possible.

Bancor Protocol has ‘paused' impermanent loss protection, blaming hostile market conditions for the move.  The post Bancor (BNT) End Impermanent Loss Protection, Blame ‘Hostile Market Conditions' appeared first on BeInCrypto.

The latest crypto-market sell-off managed to put a lot of pressure on DeFi platforms. Bancor, like many other platforms like it, is feeling the heat too.

Bancor Network has paused its Impermanent Loss Protection (ILP) for users.

The Bancor team noted large centralized entities have recently sold large amounts of Bancor tokens. The post Bancor DEX pauses impermanent loss protection amid market instability appeared first on The Block.

Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize.

Veteran DeFi protocol Bancor came under heavy scrutiny for pausing the impairment loss protection program at a time when liquidity providers need it the most.

The DeFi protocol Bancor on Monday said it has paused the Impermanent Loss Protection to protect liquidity providers (LPs) amid extreme market conditions. It will be reactivated once the crypto market stabilizes.

The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.”

 The crypto town is now showing optimistic numbers, after a turbulent weekend. The market capitalisation of the business has grown close to 8.22% over the day. Which has helped the numbers soar to $874.11 B at the time of press. However, the fear in the community refrains to abate. This time around investors of BNT …

Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and safer DeFi yields through community sourcing.

Coinspeaker Over 100 Tokens Pools Are Now Live on into Bancor v3, Providing Full Protection against Impermanent Loss