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| IoT Chain 
| #ITC
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| ITC Price: | $0.00222 | | Volume: | $24 | | All Time High: | $9.29 | | Market Cap: | $158.8 K |
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| Circulating Supply: | 71,454,008 |
| Exchanges: | 1+
| | Total Supply: | 71,454,008 |
| Markets: | 1+
| | Max Supply: | 100,000,000 |
| Pairs: | 3
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The price of #ITC today is $0.00222 USD.
The lowest ITC price for this period was $0, the highest was $0.00222, and the current live price for one ITC coin is $0.00222305.
The all-time high ITC coin price was $9.29.
Use our custom price calculator to see the hypothetical price of ITC with market cap of ETH or other crypto coins. |
The code for IoT Chain crypto currency is #ITC.
IoT Chain is 6 years old. |
The current market capitalization for IoT Chain is $158,846.
IoT Chain is ranking upwards to #1478 out of all coins, by market cap (and other factors). |
There is a very weak daily trading volume on #ITC.
Today's 24-hour trading volume across all exchanges for IoT Chain is $24.00. |
| The circulating supply of ITC is 71,454,008 coins, which is 71% of the maximum coin supply. |
ITC has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 1 crypto exchange.
View #ITC trading pairs and crypto exchanges that currently support #ITC purchase. |
| Note that there are multiple coins that share the code #ITC, and you can view them on our ITC disambiguation page. |
 | FASB Passes Long-Awaited Fair Value Accounting For Crypto
The U.S. Financial Accounting Services Board (FASB) has passed a unanimous vote to drastically change the way crypto asset values are recorded on publicly traded companies’ balance sheets.
Experts predict the change will make crypto more attractive to hold by exposing big investors to the upside potential of their assets.
How FASB’s Change Impacts Crypto
On Wednesday, the Board held a meeting to evaluate comments on the proposed change, which would have crypto assets marked at fair value in companies’ accounting statements.
Under current rules, crypto assets are treated as intangible assets, The model has companies record their crypto values at the historical prices they paid for them, while regularly reassessing their assets for feeless “impairment” charges if these values decline.
When asset prices rebound, companies cannot revise values upwards. That means if crypto prices plummet even briefly during a given quarter, businesses must log the full decline as an impairment in their quarterly report.
While this model makes more sense for items like trademarks, copyrights, and brands, it is less rational for assets like Bitcoin (BTC), which are highly liquid, regularly traded, and have a readily available market price.
As noted by respondents to the 2021 FASB Invitation to Comment (ITC), neglecting crypto asset gains on a company’s balance sheet “does not provide investors, lenders, creditors, and other allocators of capital with decisi...
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