Tokenized Home Equity Loans Arrive
Telegram Founder Proposes Private Communication Hardware, EY Launches Ethereum-based Agreement Manager
Welcome to Coinfeeds Daily Digest!
Welcome to Coinfeeds Daily Digest! Real-estate equity mortage lender with a platform for asset securitization, Homium, has raised a $10 million Series A round that was led by Blizzard and Soreson Impact Group (part of Avalanche ecosystem fund).
This is enabling Homium to launch tokenized home equity loans on the Avalanche blockchain, converting real-world assets into digital tokens that represent the actual value of homeowners' equity will be able to be traded by other parties. The first iteration of the product is bring rolled out in Colorado, with Homium planning to expand soon.
Also notable is Telegram founder's recent public discussion, where he proposed a new type of crypto-driven hardware for completely private communications that's architecturally similar to crypto wallets. It's one of Telegram's responses to surveillance and backdoor embedding attempts.
Market Update
News
Homium Launches Tokenized Home Equity Loans on Avalanche
For homeowners, the primary benefit of Homium's service is the ability to unlock the value of their home equity easily and flexibly. Instead of going through lengthy bank processes, homeowners can now access their equity through digital tokens, which can be more quickly and easily managed. | Read More
Telegram Founder Proposes Crypto-Based Devices For Private Communication
Pavel Durov's proposal involves creating specialized hardware devices that function similarly to crypto hardware wallets, which are used to securely store cryptocurrency offline. These devices would be designed to provide a secure environment for communication, ensuring that messages cannot be intercepted. | Read More
EY Launches Blockchain Tool on Ethereum
EY OpsChain Contract Manager (OCM) is a blockchain-based solution that simplifies the execution and management of business agreements. By operating on the Ethereum blockchain, OCM ensures decentralized and secure transactions. The tool allows for seamless synchronization of data across different business partners. | Read More
Binance.US Brings Former New York Fed Compliance Chief To Its Board
Martin Grant, whose career spans over three decades in various high-level compliance and legal roles, has been appointed to the board of directors at Binance.US. Grant's extensive experience includes a notable tenure as the Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York. | Read More
ApeCoin Nears All-Time Low As Bored Ape NFTs Sharply Decline
ApeCoin, a token associated with the popular Bored Ape Yacht Club NFT collection by Yuga Labs, has seen a dramatic decrease in value, nearing its all-time low at $1.19, marking a 74% drop over the past year. Concurrently, the floor price of Bored Ape Yacht Club NFTs has plummeted by 67%, falling from $103,000 to $33,000. | Read More
Solana DEX 'Drift' To Airdrop 100M Tokens To Users
Drift's airdrop involves the distribution of 100 million DRIFT tokens, which constitutes 10% of the total supply of 1 billion tokens. This event is targeted at 180,000 users of the platform, rewarding them for their participation and activity. The airdrop is not just about rewarding users but is a strategic move towards transforming Drift into a multi-branch DAO. | Read More