Andy Tian, co-founder and CEO of Asia Innovations Group, discusses the "Forever Rose," the most valuable piece of virtual artwork in the world. The piece was purchased by 10 investors for $100,000 each using cryptocurrency.
Tian explains the rose is a visual symbol of digital currency and its value can be tracked in real time. Money made from the sale of the Forever Rose will go to a charity that helps children learn to code.
Tian says this is just the beginning of crypto-artwork. Tian explains "the rose token will live on the blockchain forever."
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
