On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, we look at how Instagram is eating TikTok's lunch. Bitcoin is a Schelling point for currency debasement, and volatility might counter-intuitively accelerate its adoption. Lastly, Ruby.Exchange provides its regular weekly roundup of the markets.

Bitcoin's Price Swings Reinforce Status As A Schelling Point

Bitcoin is a natural solution to global currency debasement. Counter-intuitively, its wild volatility may accelerate its adoption as a store of value.

Bitcoin’s Price Swings Reinforce Status As A Schelling Point
Volatility is a feature, not a bug, accelerating the transfer of coins to high-conviction holders.

Cybersecurity 101: Ransomware

Ransomware, which exploits email and software vulnerabilities, encrypts data and demands a ransom for its decryption, with billions in global damages from incidents like WannaCry and NotPetya. Effective defenses include regular backups, software updates, and user education.

Cybersecurity 101: Ransomware
Ransomware encrypts data for ransom, exploiting emails and software vulnerabilities.

Instagram Surpasses TikTok In Global App Downloads

In 2023, Instagram surpassed TikTok in app downloads, reaching 768 million, a 20% increase, while TikTok grew by 4% to 733 million. Instagram's success is attributed to its short-form video feature, "reels", amid TikTok's slowing growth. Despite this, TikTok retains higher user engagement.

Instagram Surpasses TikTok In Global App Downloads
Instagram leads over TikTok in 2023 app downloads, showcasing strategic growth through video content.

And YOU Get An All-Time High! (Ruby Roundup)

TradFi markets and crypto push to new all-time highs, with even gold enjoying its time in the sun.

And YOU Get An All-Time High! (Ruby Roundup)
Bitcoin has hit an all-time high nine months ahead of schedule.

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