I read in change log about Cove accepting new players for a certain numbers of days. However what the changelog says and what my new characters are experiencing are different. Not sure if i am misunderstanding the Cove rules, or if it actually is indeed bugged. Any clarification would would be appreciated.

You didn't tell us your problem you're having

From the changelog:

-- Cove town will now no longer let in anyone over 22 years old.

-- Cove's tolerance for new players is now roughly 64 days, up from 41 days

From 2 different posts, on page 10 of changelog. However my 21 years old characters cannot get into Cove.

Hmm might be a bug with the script. I've edited the post's title and we'll get on it.