Is there a way to change the font color of Home and remove the icon to the left of it in the header?

We are working on making the header customizable. 
at this time, logo must be square and at least 100 pixels wide and 100 pixels tall.

If you want to remove the home link for now, the workaround is to add this code to your admin > theme > advanced css to hide it from the header

   header > nav > div > a[accesskey^=h] {display:none !important;}