CoinCover

Lessons from the WazirX hack

India’s largest cryptocurrency exchange, WazirX, suffered a major security breach in July 2024. Hackers exploited vulnerabilities in the exchange’s security systems, stealing over $230 million worth of...

How transparency and trust drive success in a volatile market

As the demand for robust crypto asset management increases, building and maintaining a competitive edge has never been more crucial. 562 million individuals now own crypto, a 34% increase compared to the...

Scammers use fake Telegram for BTC

Cryptocurrency has revolutionised how we view money and financial transactions. However, with innovation comes new security challenges. In the first half of 2024 alone, stolen crypto doubled to a staggering ...

CoinCover helps VirgoCX, Netcoins comply

New partnerships will help Canadian crypto exchanges exceed regulatory demands and protect customer funds

Why crypto’s bull market exposes security flaws

As featured in Finextra. 2024 is proving to be another volatile year for crypto. Since reaching a record high in March, the price of Bitcoin has fluctuated significantly. There is near-constant speculation...

Bitso taps CoinCover for protection

Bitso, the leading cryptocurrency exchange in Latin America, today announces it has joined forces with CoinCover – the blockchain protection company – to provide comprehensive security for digital assets. This...

ezBtc scandal: stop insider threats

Trust is everything to crypto exchange users. Unfortunately, there are still incidents where this trust is misplaced. Canadian exchange ezBtc made headlines for the wrong reasons after founder David Smillie...

Security vs recovery for exchanges

Since the start of 2024, around $664.4 million worth of cryptocurrencies have been stolen, with many of these taking place on exchanges. In most scenarios, an exchange is unable to recover the stolen funds or...

How to enhance your exchange's protection with CoinCover

Centralised exchanges are a big target for hackers, making them vulnerable to asset theft. In 2022, more than $3.8 billion of cryptocurrency was stolen and another $1.7 billion lost in 2023. Interestingly,...

Cobo, CoinCover & Xlink boost Bitcoin DeFi

Cobo, a leading provider of digital asset custody solutions, today announced a strategic partnership with XLink, a pioneering intent-based omnichain Bitcoin liquidity network and a subsidiary of ALEX, the...

What is the Bitcoin halving?

Bitcoin needs a mining process to create new Bitcoins. To do this, complicated math problems need to be solved that verify transactions in the currency. Miners are people who offer their computer space to host...

What it means to be a woman in blockchain and crypto

The world of cryptocurrency is extraordinary in many ways, and flying the flag for women in this industry can be a unique experience. The journey of breaking barriers, challenging stereotypes, and carving out...

CoinCover's crypto news update [08/01/2024]

CoinCover brings you a roundup of key events shaping the crypto landscape last week, just in case you missed it. So what’s been going on?

12 Days of Hackmas, 2023’s Largest Crypto Hacks

A staggering total of $1.8 billion worth of cryptocurrency was stolen using various hacking methods in 2023. Whilst this doesn’t match the $3.8 billion of crypto stolen in 2022, the biggest year for hacking...