1 $LINK https://t.co/LQmXxdSAmZ
Day: January 15, 2021
@braydenpierce Do it!
@braydenpierce Do it!
@nlw the marines recruitment system is expanding bullish
@nlw the marines recruitment system is expanding
bullish
@LLCDC1 @Adouble212 @cryptfaux @elliotrades @Trader_XO @CryptoMichNL @arrangedchaos @_RN03xx_ @Pumpenomics @scoinaldo @DonnieBigBags @LordDurden @StrongHedge @JohnnyZcash @SmartContracter @Crypto_Altology @bitcoinPalmer @trader1sz @PetaByteCapital Sir
@LLCDC1 @Adouble212 @cryptfaux @elliotrades @Trader_XO @CryptoMichNL @arrangedchaos @_RN03xx_ @Pumpenomics @scoinaldo @DonnieBigBags @LordDurden @StrongHedge @JohnnyZcash @SmartContracter @Crypto_Altology @bitcoinPalmer @trader1sz @PetaByteCapital Sir
Figure Blockchain Lending Platform Secures $100m from JP Morgan
Figure Lending has obtained a $100 million loan facility from leading U.S lender, JPMorgan for conforming and jumbo mortgages. The blockchain-powered mortgage platform claims it has secured $1.5 billion of lending facilities via five funding deals, according to a LedgerInsights report on January 15, 2021.
Figure Gets $100 Million From JPMorgan
Figure Technologies Inc., a startup that functions as a financial technology (fintech) company in both the home equity and blockchain ecosystems, has announced that its subsidiary, Figure Lending has successfully obtained a $100 million loan from JPMorgan bank for its conforming and jumbo mortgages.
Established in 2018, Figure offers home equity access solutions (refinance and home equity lines) to property owners, consumer financial solutions for home improvement, debt consolidation, and retirement.
For the uninitiated, conforming loans are simply conventional loan types that meet the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) purchase standards, as well as a specific loan amount ($484,350 as of 2019).
On the other hand, jumbo loans are mortgages that exceed the maximum conforming loan amounts ($510,400 in most U.S cities).
Mortgage Loans on the Blockchain
Notably, Figure Lending says it has so far secured a massive $1.5 billion of lending facilities through five funding deals, including $1 billion from Jefferies Group in 2019. Jefferies is a New York-based multinational independent investment bank and financial services company.
“With the financing facility now in place, Provenance.io can support the entire end-to-end financing of loans, from origination to funding to serving to financing. It paves the way for the first securitization on-chain, which will demonstrate the massive cost savings, risk reduction, and liquidity benefits blockchain delivers,” declared Figure Technologies CEO, Mike Cagney at the time.
Figure says the entire information pertaining to its mortgages are stored on its Provenance distributed ledger, which is also used to package the debt as mortgage-backed securities. This way, all data remains tamper-proof and secure.
The firm claims its mortgage lending businesses experienced a 100 percent month on month growth in Q4 2020. Buoyed by this success, Figure reportedly applied for a national banking charter with the Office of the Controller of the Currency (OCC) last November, though its application is yet to be approved.
In related news, BTCManager informed last May that the Bank of Russia is developing a digital mortgage system powered by Masterchain, a government-backed blockchain project.
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📈📊 Bitcoin is rising back toward $37,000 again in the final hours of a tumultuous price fluctuation Friday. Net Realized Profit/Loss on the $BTC network has come down to neutral territory, pointing to continued ranging in the mid/high $30k levels.
📈📊 #Bitcoin is rising back toward $37,000 again in the final hours of a tumultuous price fluctuation Friday. Net Realized Profit/Loss on the $BTC network has come down to neutral territory, pointing to continued ranging in the mid/high $30k levels. https://t.co/G3aj4UMKFe https://t.co/AD0zlyov70
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To track when #Bitcoin, #Ethereum, #Chainlink, and other assets head into the potential buy zone for liftoff on prices, you can watch this metric in realtime & see what others in #crypto can’t with a $45/month Sanbase PRO account. Join our community today! https://t.co/wXw0KIPAKE
Cardano Wants to Help Twitter Decentralize Social Media
Key Takeaways
- Charles Hoskinson of Cardano has expressed interest in helping Twitter develop an open social media standard.
- Both IOHK and Twitter are working on a project along those lines.
- Both projects are in their early stages, and few details are known.
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Charles Hoskinson, head of IOHK and Cardano, has expressed interest in helping Twitter build a decentralized social media standard.
Twitter CEO Reaffirms Bluesky Standard
Twitter is currently in the process of building Bluesky, a decentralized social media standard first announced in December 2019. So far, the company has said little about its plans or progress.
However, Twitter CEO Jack Dorsey reiterated those plans earlier this week while discussing the firm’s decision to suspend former U.S. President Donald Trump from Twitter. Though Dorsey says that he believes the ban was “the right decision,” he also sees value on checks and balances on Twitter through an open standard.
Dorsey also acknowledged his long-standing enthusiasm for Bitcoin, stating that he admires it as a technology that is “not controlled or influenced by any single individual or entity.”
Cardano’s Social Media Plans
Cardano has not officially announced its plans for a social media platform or standard. Hoskinson merely hinted at plans along those lines this week in response to Dorsey’s tweets.
We are working on something Jack. You shouldn’t build this in house. Make it an open source project and our entire industry can contribute.
— Charles Hoskinson (@IOHK_Charles) January 14, 2021
Cardano will not support smart contracts until the project enters its Goguen stage in March. That is a necessity for blockchain apps of any sort, including a social media platform. This implies that any working social media product from Cardano is several months away.
Given a lack of other apps for Cardano, a social media project could become a flagship app for the blockchain project, assuming it reaches completion at an early date.
Any platform that Cardano creates will compete with other blockchain-based social media platforms such as Hive, Memo.cash, Peepeth, Block.one’s Voice, and many others.
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Decentralized Social Media: Classifying Sites In Five Categories
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Charles Hoskinson: Ethereum Co-Founder to Cardano Creator
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Managing Emotions
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You Can Now Send Crypto on Twitter and Facebook Via Mask Network
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@mkuegi @APompliano @alistairmilne opened bid at 1c. I bid 2c for 21m BTC. (Live order, it WILL take all the exchange has in a flash crash) ofc others will bid ahead and upwards. So NO bitcoin will not go to zero. Would be biggest inverted Burj Khalifa in history.
@mkuegi @APompliano @alistairmilne opened bid at 1c. I bid 2c for 21m BTC. (Live order, it WILL take all the exchange has in a flash crash) ofc others will bid ahead and upwards. So NO bitcoin will not go to zero. Would be biggest inverted Burj Khalifa in history. https://t.co/Y3Eb8cVTBo
@rosetti12345 Not particularly
@rosetti12345 Not particularly