The market for non-fungible tokens, or NFTs, is soaring, reaching $10.7bn in the third quarter of 2021. For the art world it's a new frontier, where ownership of digital assets is encrypted on the blockchain. The FT talks to artists, auction houses and collectors about how NFTs are bringing in new buyers and setting records for sales of digital works, and we follow a painter making his first NFT.
FT banking and fintech reporter Siddharth Venkataramakrishnan looks at how the digital assets are used, why they are growing in popularity - and why they are in regulators' sights.
Merchants are dialed into the reality that more payments options at checkout increases the odds they’ll make a sale. New data shows that one of those options now must include a lease to own option, particularly for merchants selling expensive durable goods. With 57 percent of the US population — and 39 percent of those making more than $100k a year — now living paycheck to paycheck, many need the flexibility that this payment option offers, while giving merchants a new way to convert customers who might never consider them an option for making such a purchase. Tune into this conversation with PYMNTS CEO Karen Webster and expert guests to learn more.
In the 21st century it's got harder to earn more than your parents and to climb the social ladder. What's gone wrong, and what can be done to change this?
The IMF is once again pushing back against El Salvador's decision to use Bitcoin as Legal Tender, warning that because of the volatility of the cryptocurrency the risks are too high. We break down what this means. And the United States continues to grapple with the dueling crises of inflation and supply chain shortages, because of this President Biden has reiterated the need for the autonomy of the Federal Reserve. We'll discuss the details. Plus, it's a new era for Germany as the nation is set to inaugurate a new chancellor for the first time is nearly two decades. We bring you the latest from on the ground in Berlin.
JPMorgan Chase & Co. CEO Jamie Dimon cracked a joke about China during a panel discussion in Boston, but will China see the funny side? Bloomberg's Patrick Winters reports on "Bloomberg Daybreak: Middle East."
Today about half of America’s newspapers are controlled by private equity, hedge funds and other investment groups. But as the FT’s James Fontanella-Khan explains, one name stands above the rest: Alden Global Capital. The Alden recipe is to get rid of the newsroom, sell the real estate, and viciously cut costs. Critics say it’s destroying local newspapers, but Alden says it’s saving them.
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