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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.
Boosted by robust network growth and whale activity, the native token of decentralized exchange Bancor jumps 40% in the last 24 hours.
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.”
We will analyze the key events that have affected the market for these cryptocurrencies and attempt to provide perspective on possible future directions.
According to the latest data, the incentives provided by Uniswap on the Optimism Network (OP) had different results in the liquidity and decentralized finance (DeFi) sectors.
A class-action lawsuit has been filed by a group of investors against the decentralized autonomous organization Banco and its operator BProtocol Foundation, along with the founders, in the United States District Court for the Western District of Texas. The investors allege that Bancor misled them regarding its impermanent loss protection (ILP) mechanism for liquidity providers and operated as an unregistered form of security.
