Bitcoin exchanges in Japan must register under proposed rules
Mt. Gox, formerly the world's largest bitcoin exchange, was based here until its bankruptcy. The exchange's demise, which led to the arrest of its chief executive, sparked calls for regulation of the industry to protect users. According to the draft …
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U.S. Coal Giant Greets Obama Climate Rules With Bankruptcy
Alpha Natural Resources declared bankruptcy this morning to get out from under $ 3.3 billion in debt accumulated over the past several years. The specific timing of its filing—hours before the EPA publishes its rules—may be coincidental. That it has …
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Debtors Can't Void Underwater Mortgages In Bankruptcy, Supreme Court Rules
The U.S. Supreme Court reversed a lower-court decision allowing debtors to “strip off” underwater second liens in Chapter 7 bankruptcy, saying precedent required it to keep such mortgage claims intact. Justice Clarence Thomas, caught between his usual …
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