• 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

Chow Pakyin's Case May Influence Global Financial Regulations

chest

Chow Pakyin's sentencing for unlicensed financial advice may set a precedent for stricter global regulations on financial influencers.

user avatarKofi Adjeman

Chow Pakyin Sentenced to Six Weeks in Prison for Unlicensed Investment Advice

chest

Chow Pakyin, a financial influencer in Hong Kong, was sentenced to six weeks in prison for providing unlicensed investment advice through a paid Telegram group.

user avatarNguyen Van Long

Breakout Potential for Uniswap UNI Price

chest

Uniswap UNI has formed a breakout pattern on the 4-hour chart, with a potential target of 860 if resistance is broken.

user avatarJesper Sørensen

Uniswap UNI Price Surges 1374 in 24 Hours

chest

Uniswap's UNI token has experienced a significant price increase, reaching 606 after a 1374 rise in just 24 hours.

user avatarSatoshi Nakamura

Ethereum's Upcoming Upgrade Offers Limited Hope Amid Market Caution

chest

The upcoming Ethereum upgrade in December may enhance network performance, but short-term momentum remains limited.

user avatarRajesh Kumar

Bitdeer Boosts Bitcoin Holdings to 22,683 BTC

chest

Bitdeer has significantly increased its Bitcoin holdings to 22,683 BTC after mining 1,159 BTC this week, despite selling 808 BTC.

user avatarLucas Weissmann

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.