Hoboken-based Celsius Network announced Thursday it selected a proposal from Fahrenheit LLC as the winning bid of a court-approved auction process. The proceeding follows the cryptocurrency lender’s Chapter 11 filing from last summer amid a broader downward spiral in the sector. It also meant a large number of customers had their accounts locked as the bankruptcy process played out. Fahrenheit is a group consisting of US Bitcoin Corp., Arrington Capital, Proof Group, Steven Kokinos and Ravi Kaza. It will provide the capital, management team and technology to establish and operate a new company, which will be ... (full story)