• 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

JPMorgan Analyzes Ethereum's Fusaka Upgrade

chest

JPMorgan's report analyzes the implications of Ethereum's Fusaka upgrade, focusing on sustainability challenges and the potential for temporary spikes in transaction volume.

user avatarFilippo Romano

Kaisar Network Highlights the Importance of AI Independence.

chest

Kaisar Network promotes the concept of AI sovereignty, advocating for decentralized control of AI infrastructure.

user avatarEmily Carter

Trump Media will issue digital tokens to its shareholders.

chest

Trump Media and Technology Group plans to issue a nontradable digital token to eligible shareholders of DJT stock as a reward.

user avatarTomas Novak

Abbott's Fourth-Quarter Results Show Mixed Performance

chest

Abbott Laboratories reported mixed results for the fourth quarter, with strong earnings but disappointing revenue figures.

user avatarLi Weicheng

Abbott Provides Disappointing First-Quarter Guidance

chest

Abbott Laboratories issued first-quarter guidance that fell below analyst expectations, contributing to investor concerns.

user avatarKaterina Papadopoulou

Abbott Laboratories Faces Selloff After Earnings Report

chest

Abbott Laboratories experienced a significant drop in stock price following its fourth-quarter earnings report, despite meeting earnings expectations.

user avatarMaya Lundqvist

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.