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Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release.…
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NEW YORK : Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its other planned business lines.Celsius, whose restructuring plan had also envisioned the company earning "staking" fees by validating blockch
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Celsius Network has received court approval for a restructure that will return cryptocurrency to customers and establish a new company.