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."
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
