ChainCatcher news, according to CoinDesk, the Latin American cryptocurrency exchange Bitso announced a partnership with blockchain security company Coincover to provide security for digital assets. By integrating with Bitso's multi-party computation (MPC) infrastructure, Coincover will offer non-custodial disaster recovery, providing protection for the exchange against events such as hacking or loss of access.In addition, Bitso will use Coincover to monitor outgoing transactions in real-time. According to Immunefi data, the cryptocurrency sector has lost over $900 million this year due to hacking and fraud, with $572 million stolen just in the second quarter.

ChainCatcher news, digital asset custody solution provider Cobo has announced a partnership with UK blockchain security company Coincover and ALEX's subsidiary, the intent-based full-chain Bitcoin liquidity network XLink, aimed at enhancing digital asset management and establishing new security standards in the blockchain industry.This collaboration enhances the security of the XLink platform through Cobo's multi-party computation (MPC) custody technology, XLink's liquidity solutions, and Coincover's disaster recovery services, protecting user assets from hacking and operational risks, thereby promoting the development of Bitcoin in the decentralized finance (DeFi) sector.

ChainCatcher news, UK digital asset security service company Coincover has partnered with Asia-Pacific digital asset custody technology service platform Cobo to join as a third-party private key disaster recovery service partner for the Cobo MPC custody solution.It is reported that Coincover was founded in 2018, with founders having a background in the Royal Mint. On February 9, it just completed a new round of financing of $30 million. Coincover's participation in Cobo's MPC co-custody solution is expected to help it further expand into the Asian market, while Cobo can further enhance its ability to serve global clients and expand its global market.

ChainCatcher news, digital asset protection and insurance provider Coincover has completed a $30 million financing round, led by Silicon Valley investment firm Foundation Capital. The funds will be used for talent recruitment, product iteration, and seeking new partnerships. Coincover offers asset protection-related products for businesses, infrastructure providers, and consumers to avoid losses from hacks or human errors.The company collaborates with over 300 businesses, including cryptocurrency custodian Fireblocks and cryptocurrency exchange platform Bitso. In July 2021, Coincover completed a $9.2 million Series A financing round, led by Element Ventures, with participation from DRW Venture Capital and Susquehanna Private Equity Investments. (source link)

ChainCatcher news, UK crypto asset insurance company Coincover will provide third-party key disaster recovery services for crypto custody technology provider Fireblocks. Fireblocks uses MPC key sharding technology, allowing users to independently back up their keys; Coincover's Director of Strategy and Partnerships Oliver Cummings stated that if something happens to the user or Fireblocks, Coincover can act as a third party to recover the wallet for customers, as Coincover has very fixed processes and standard service level agreements. (CoinDesk)