• 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

SEC Settles Case Against Crypto Entrepreneur Justin Sun

chest

The SEC has announced a settlement with crypto entrepreneur Justin Sun, requiring him to pay $10 million for violating securities laws.

user avatarEmily Carter

Solana Gains Ground in Stablecoin Transactions

chest

Solana has increased its stablecoin transaction volume, surpassing Ethereum last month with $66.064 billion compared to Ethereum's $54.882 billion.

user avatarTomas Novak

Solana Surpasses Ethereum in RWA Holders

chest

Solana has surpassed Ethereum in the number of real-world asset holders, reaching 157,112 compared to Ethereum's 153,592.

user avatarKaterina Papadopoulou

Political Landscape for Crypto Legislation Grows More Complex

chest

The political environment surrounding crypto legislation is becoming increasingly complicated, with banks leveraging their influence against digital asset firms.

user avatarMaya Lundqvist

US Crypto Legislation Faces Intense Lobbying from Banking Sector

chest

The US banking sector is launching a major lobbying effort against crypto legislation, aiming to influence lawmakers and complicate regulatory advancements for digital asset firms.

user avatarLeo van der Veen

Meta Platforms Introduces New AI Chips to Compete in the Market

chest

Meta Platforms has introduced four new AI chips to enhance its AI capabilities and compete in the chip market.

user avatarLi Weicheng

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.