Is Bane of the Living legal in Standard, Modern, and Commander?

Bane of the Living is legal in: Legacy, Vintage, Commander.

What type of card is Bane of the Living?

Bane of the Living is a Creature — Insect. Its oracle text reads: "Morph {X}{B}{B} (You may cast this card face down as a 2/2 creature for {3}. Turn it face up any time for its morph cost.) When this creature is turned face up, all creatures get -X/-X until end of turn."