• 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

2 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

Morgan Stanley's Amy Oldenburg Discusses Bitcoin on Bank Balance Sheets

chest

Amy Oldenburg from Morgan Stanley suggests that major banks may consider holding Bitcoin as a treasury asset in the future, contingent on regulatory progress.

user avatarAisha Farooq

Mistral AI Unveils New Model Amidst Mixed Reactions

chest

Mistral AI has launched its new model, Mistral Medium 35, featuring a 128-billion-parameter architecture and innovative tools, but faces skepticism due to underwhelming benchmark performance.

user avatarTenzin Dorje

Crypto Analyst Warns of Imminent Bitcoin Price Crash

chest

A crypto analyst warns Bitcoin investors to sell before a predicted price crash, potentially dropping to the 40,000 range.

user avatarBayarjavkhlan Ganbaatar

Canonical Responds to User Concerns Over AI Features

chest

Canonical addresses user concerns over AI features in Ubuntu, emphasizing privacy and user control.

user avatarElias Mukuru

User Backlash Against Ubuntu's AI Feature Announcement

chest

Ubuntu users express dissatisfaction with Canonical's plans to integrate AI features into the operating system, fearing a shift towards unwanted functionalities similar to those in Windows.

user avatarMohamed Farouk

Bitcoin's 2618 Pattern Activated Amidst Market Corrections

chest

The long-anticipated 2618 pattern for Bitcoin has officially activated, indicating a potential corrective phase in the market.

user avatarDiego Alvarez

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.