Visa is the latest financial institution to get on the blockchain bandwagon, launching an interbank payments pilot based on the BTL Interbit platform.

Three of the world's largest banks have joined with UBS in its plan to use blockchain to document and secure interbank settlements, underlining the transformative potential of the new encrypted distributed ledger technology.

Washington law firm Steptoe and Johnson is launching a major play in the ​blockchain space, expanding its advice and other offerings about the revolutionary new "distributed ledger" technology across all business sectors.

Federal and state financial regulators have been briefed on the results of the latest Treasury-led cybersecurity exercise, which explored the risk of a banking system collapse resulting from a cyberattack.