Coincover Unveils ‘Protected Co-Signing’ for Crypto Transactions to Prevent Fraud or Hacks

Coincover, a provider of protection and insurance for digital assets, is launching an extra layer of protection service which screens transactions to detect risk of fraud or hacking.　　In an announcement, the firm said it has launched ‘Protected Co-Signing’ service to help reduce the risk in digital asset transactions.　　Coincover said it is working with Onramp, a bitcoin asset-management platform, the first form to use the new security protection. Protected Co-Signing is being made available to all custody platforms that use key material distributed between multiple entities to sign transactions.　　We are thrilled to announce the launch of our latest service, setting the standard for secure Bitcoin transactions: Protected Co-signing ????️　　The risks involved in digital asset custody, such as misplaced private keys, fraud or an exchange hack, can lead to funds being lost… 　　— Coincover (@Coincoverglobal) April 18, 2024　　“As transactions have developed over the years, certain industry pioneers have created ways to make cryptocurrencies safer to hold and transact. Now, were taking this to the next level,” said Alex Saleh, Head of Partnerships at Coincover, in a press release.　　“Our aim is to encourage greater trust in digital assets at the institutional level and protected co-signing provides the ultimate layer of protection so that