By Gertrude Chavez-Dreyfuss NEW YORK, June 2 (Reuters) - London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted by the collapse of major market players such as FTX and should help ease concerns on hacks and thefts that have plagued the industry. Currently...

NEW YORK (Reuters) - European blockchain company The Bitfury Group, valued recently at more than $1 billion, has launched its artificial intelligence (AI) division, the company’s top official told Reuters in an interview. FILE PHOTO - Delegates walk near an exhibition stand of Bitfury, a full-service blockchain technology company, at the Malta Blockchain Summit in St Julian's, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi The AI division will operate alongside Bitfury’s existing...

NEW YORK (Reuters) - International Business Machines Corp (IBM.N) announced on Monday a new blockchain network aimed at improving manual and cumbersome supply chain management. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo Supply chain management involves overseeing the flow of goods and services, such as tracking the movement and storage of raw materials, inventory, and finished goods. It has...

NEW YORK (Reuters) - Harvard University’s public health graduate school, U.S. think-tank New America, and American apparel company Levi Strauss & Co announced on Thursday a collaboration to develop a blockhain-based system designed to augment outside auditors of factory health and safety with self-reporting by workers. FILE PHOTO: The label of a Levi's denim jacket of U.S. company Levi Strauss is photographed at a denim store in Frankfurt, Germany, March 20, 2016. REUTERS/Kai Pfaffenbach/File...

NEW YORK (Reuters) - Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain. Delegates walk near an exhibition stand of Bitfury, a full-service blockchain technology company, at the Malta Blockchain Summit in St Julian's, Malta November 1, 2018. REUTERS/Darrin Zammit Lupi The open-source platform, named SurroundTM, will...