• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Bitcoin and Dogecoin at Risk: Problems with BitMEX's Space Mission

Bitcoin and Dogecoin at Risk: Problems with BitMEX's Space Mission

user avatar

by Liza Tanasova

3 years ago


A mission to deliver a 1 BTC wallet and a physical Dogecoin token to the moon, initiated by BitMEX, has encountered serious technical problems, raising concerns about its successful completion. The Vulcan Centaur launch vehicle successfully placed the Astrobotic landing module into orbit on 8 January 2024, but the Peregrine lunar lander, responsible for the soft landing, encountered a propulsion system malfunction and a fuel leak.

Astrobotic's analysis revealed problems in the deployment of the solar panels, meaning there was insufficient power to operate efficiently. These difficulties, together with other anomalies, could prevent the successful completion of the mission. Analysts warn that unless urgent action is taken, the module could lose contact with Earth soon after running out of power.

Astrobotic officials plan to optimise the mission by getting the vehicle as close to the Moon as possible while it still has resources. However, Peregrine's future remains in question, and a decision on its fate has yet to be made. Some social media users joke that, even if it fails, bitcoin and Dogecoin wallets will nevertheless find themselves "delivered" to the Moon. All of these developments emphasise the difficulties faced by companies seeking to spend cryptocurrency assets in space.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Binance CEO Highlights Shift to Self-Hosted Wallets Amid EU Withdrawals

chest

Binance CEO Richard Teng revealed that 70% of the funds withdrawn by EU users went to self-hosted wallets instead of MiCA-regulated platforms.

user avatarFilippo Romano

Binance's Regulatory Challenges Continue as France Rejects License Application

chest

Binance faces regulatory challenges as its license application in France is rejected following the withdrawal of its MiCA application in Greece.

user avatarLucas Weissmann

Legal Battles Over Prediction Markets Escalate in the U.S.

chest

The legal landscape surrounding prediction markets in the U.S. is contentious, with the CFTC suing states to assert jurisdiction, leading to mixed court rulings and potential Supreme Court involvement.

user avatarJesper Sørensen

North Carolina Supports CFTC Authority Over Prediction Markets

chest

North Carolina has enacted a law recognizing CFTC authority over prediction markets, allowing them to operate legally with a 6% tax on revenue.

user avatarRajesh Kumar

Binance Withdraws MiCA License Application Amid Regulatory Challenges

chest

Binance withdrew its MiCA license application from Greek authorities, advising EU users to withdraw their funds due to regulatory delays and the approaching compliance deadline.

user avatarEmily Carter

Ripple Case Approaches Final Judgment Amid Market Speculation

chest

The Ripple case is nearing a final judgment, with market focus shifting to potential penalties and changes required by the court.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.