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About SHIBIC

What is SHIBIC?Shiba Inu Classic, as the name suggests comes out of the current hype of Shiba Inu’s Popularity, but it is not a meme coin, its utility token. This token is built because there was a need for a token which is not just hyped up because of celebrity endorsements, whales buying them or for high frequency intraday trading but its built to provide day to day actual cryptocurrency decentralized finance solutions.What makes SHIBIC Unique?SHIBIC team propose to build a Super Dapp which will function as a one stop shop for Defi solutions, they want to bring the world of convenience and whole defi ecosystem to their users in one single place. Current Scenario is confusing a lot of users. Role models of Shiba Inu Classic are Wechat/Paytm who has successfully integrated all services which community needs right there in one single app.How many SHIBIC tokens Are There In Circulation?Initial Supply is 1 quadrillion coins, out of which 90% will be burned in accordance to the milestone. SHIBIC has a 6% transaction fees on every transaction.Where can you buy SHIBIC?SHIBIC tokens can be purchased on CoinTiger and PancakeSwap

SHIBIC (SHIBIC) is a cryptocurrency launched in 2022. SHIBIC has a current supply of 111,955.98Bn with 0 in circulation. The last known price of SHIBIC is 0.000000026402 USD and is 0.000000017504 over the last 24 hours. It is currently trading on active market(s) with $1.37 traded over the last 24 hours. More information can be found at https://shibainuclassic.io.

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SHIBIC Price Statistics
SHIBIC’s Price Today
24h Price Change
+$0.000000017504196.72%
24h Volume
$1.370.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#7394
SHIBIC Market Cap
Market Cap
$0
Fully Diluted Market Cap
$2.96M
SHIBIC Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SHIBIC Supply
Circulating Supply
0
Total Supply
111,955.98Bn
Max Supply
0
Updated Sep 10, 2024 3:00 pm
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SHIBIC
SHIBIC
$0.000000026402
$0.000000017504(+196.72%)
Mkt Cap $0
There's nothing here for now
SEC Maintains Stance On Crypto Custody Rule
SEC Maintains Stance On Crypto Custody Rule
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has reaffirmed its position on a rule that would limit crypto custody services for regulated financial firms. In a speech on September 9 at a banking conference, SEC chief accountant Paul Munter discussed the agency’s regulatory stance on accounting for crypto assets, particularly focusing on SEC Staff Accounting Bulletin No. 121 (SAB 121) and its applications. Munter stated that the SEC staff’s views in SAB 121 remain unchanged. He emphasized that, in the absence of specific mitigating facts and circumstances, the staff believes an entity should record a liability on its balance sheet to reflect its obligation to safeguard crypto-assets held for others. This stance was echoed by ETF Store President Nate Geraci, who noted in a September 10 post that the SEC appears firm on SAB 121, suggesting that the agency does not want to allow regulated financial institutions to custody crypto. Introduced in March 2022, SAB 121 outlines the SEC’s accounting guidelines for institutions looking to custody crypto assets. The rule has been contentious in political circles as it effectively prevents banks and regulated financial institutions from custodying crypto assets on behalf of clients. The SEC maintains that entities with such safeguarding arrangements should record a liability on their balance sheets for digital assets. Munter acknowledged that the SEC had reviewed various accounting scenarios involving blockchain and crypto assets, noting that not all arrangements fit the proposed guidelines set out in SAB 121. For instance, bank holding companies that safeguard crypto with bankruptcy protection may not need to record a liability on their balance sheets. Additionally, broker-dealers that facilitate crypto transactions but do not control the cryptographic keys may also not be required to record liabilities. Meanwhile, SEC Commissioner Hester Peirce has been vocally against the rule. She expressed her continued concern about the substance and process of SAB 121 in a recent post. The US House of Representatives voted to overturn the controversial SEC guidance in May, but President Biden vetoed the repeal the following month.
Sep 10, 2024 2:23 pm

Frequently Asked Questions

  • What is the all-time high price of SHIBIC (SHIBIC)?

    The all-time high of SHIBIC was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of SHIBIC (SHIBIC) is 0. The current price of SHIBIC is down 0% from its all-time high.

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  • How much SHIBIC (SHIBIC) is there in circulation?

    As of , there is currently 0 SHIBIC in circulation. SHIBIC has a maximum supply of 0.

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  • What is the market cap of SHIBIC (SHIBIC)?

    The current market cap of SHIBIC is 0. It is calculated by multiplying the current supply of SHIBIC by its real-time market price of 0.000000026402.

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  • What is the all-time low price of SHIBIC (SHIBIC)?

    The all-time low of SHIBIC was 0 , from which the coin is now up 0%. The all-time low price of SHIBIC (SHIBIC) is 0. The current price of SHIBIC is up 0% from its all-time low.

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  • Is SHIBIC (SHIBIC) a good investment?

    SHIBIC (SHIBIC) has a market capitalization of $0 and is ranked #7394 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze SHIBIC (SHIBIC) price trends and patterns to find the best time to purchase SHIBIC.

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