Unchained Announces Partnership With Coincover To Further Strengthen Its Bitcoin Collaborative Custody Network

 


Unchained, a prominent financial services provider for Bitcoin holders, has strengthened its multi-signature custody offering by integrating Coincover, a blockchain protection provider, into its collaborative custody network. This expansion comes as Unchained's custody service experiences remarkable growth, surging by 37% since October 2022.

Unchained's innovative collaborative custody solution empowers Bitcoin holders to distribute their private keys across multiple entities, ensuring the security of their holdings and guarding against potential rehypothecation or misuse by financial institutions. This approach is gaining traction among investors as a vital risk mitigation tool, especially in an environment where custodians and institutions have faced scrutiny for losing customer assets, both intentionally and unintentionally.

Dhruv Bansal, co-founder and CSO of Unchained, raises a critical question in the context of Bitcoin's increasing value: should the largest Bitcoin stakeholders continue to place singular trust in a single custodian? Recent incidents, exemplified by Prime Trust, have demonstrated that even qualified custodians, despite their structural safeguards, can fall short due to human errors.

Unchained is addressing these concerns by partnering with both Kingdom Trust and Coincover as key custodians, ensuring that clients maintain access to their Bitcoin even if one partner encounters issues. Moreover, clients can choose to hold one or more of these keys, ensuring their assets remain immune to rehypothecation.

Unchained's collaborative custody model offers investors a way to retain control over their Bitcoin, mitigating the risks associated with exchange-related vulnerabilities and eliminating the pitfalls of self-custody, such as the loss of private keys. The company's commitment to expanding collaborative custody partnerships aims to democratize advanced security measures, making them accessible to individuals and businesses while upholding the principle of clients retaining unilateral control over their private keys.

For additional information, please visit unchained.com/private-wealth-and-enterprise.

Read More - https://www.techdogs.com/tech-news/business-wire/unchained-announces-partnership-with-coincover-to-further-strengthen-its-bitcoin-collaborative-custody-network

Comments

Post a Comment

Popular posts from this blog

Orlagh Neary, Former VP Of Quantum Ecosystem Engagement And GTM At Microsoft On Building Scalable And Safe AI And Quantum

Image
  What if the future of computing isn’t about picking sides—AI, LLMs, or quantum—but about blending them into a unified, game-changing force? In this compelling episode of Discover Dialogues , host Nikhil Sonawane sits down with Orlagh Neary, whose remarkable career has spanned continents, technologies, and industries. From AI to developer platforms to localization, Orlagh now spearheads Microsoft’s Quantum and AI Ecosystem Engagement & GTM strategy. She also serves on the board of Cambrian Futures and advises UNESCO’s International Year of Quantum—making her a key voice in turning today’s emerging tech into tomorrow’s foundation. What makes Orlagh’s approach truly stand out is her ability to align frontier technologies with enterprise priorities. She explains how AI (pattern recognition), LLMs (language), and quantum computing (scale) aren't separate silos—they’re a collaborative “dream team” poised to revolutionize sectors from healthcare to logistics. 👉 Read more about this...
Read more

Varun Srinivas Founder & CEO of Therix.ai and Co-Founder at Coditas on Building Real-World AI Solutions

Image
  In this episode of Discover Dialogues , Vikramsinh Ghatge, Sr. Marketing Director and Editor-in-Chief at TechDogs , sits down with Varun Srinivas, Founder & CEO of Therix.ai and Co-Founder at Coditas, to explore what it truly takes to turn AI prototypes into scalable, real-world solutions. Over the past decade, Varun has been at the forefront of transforming solid engineering principles into practical AI deployments. In this candid conversation, he breaks away from buzzwords and highlights how AI must be built with people, not just algorithms, at the center. The discussion kicks off with an eye-opening statement: “AI isn’t coming for your job—but someone using AI might.” Varun quickly dismantles the fear-driven narratives surrounding AI and instead urges leaders to focus on empowering teams, fostering experimentation, and applying disciplined engineering practices. One standout topic is the rise of “vibe coding”—the fast, intuitive, generative AI-driven approach to developme...
Read more

MediaTek Vs. Snapdragon: Which Chipset Performs Better?

Image
  Smartphone makers face a key choice: MediaTek or Snapdragon ? Both brands power millions of devices but offer different strengths. Quick Intro Mobile processors, or SoCs, are the brains of smartphones—combining CPUs, GPUs, modems, and AI engines into one chip. The Rivals MediaTek (Taiwan, 1997) powers budget and mid-range phones with its Dimensity series, offering strong AI, good graphics, and 5G at great value. Snapdragon (Qualcomm, USA, 1985) dominates high-end phones with custom CPUs, Adreno GPUs, advanced AI, and superior 5G. By 2025, MediaTek leads in market share at 46%, compared to Qualcomm’s 35%. 👉 Full Comparison: MediaTek vs. Snapdragon Head-to-Head Customization : MediaTek uses standard ARM designs; Snapdragon builds custom CPUs and GPUs. AI & Gaming : Snapdragon leads but MediaTek is closing in. Power & 5G : Both offer 4nm chips, but Snapdragon has better global 5G and advanced camera support. Value : MediaTek wins on affordability; Snapdragon ex...
Read more