• 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

WPA Hash Offers Simple Registration and Immediate Earnings

chest

WPA Hash offers a simple registration process and a welcome bonus for new users, allowing them to start earning profits immediately.

user avatarAndrew Smith

WPA Hash Revolutionizes Digital Mining with Innovative Technology

chest

WPA Hash has launched an innovative cloud-based mining platform that utilizes advanced technology and intelligent algorithms to enhance digital mining efficiency and profitability.

user avatarJacob Williams

Outset PR Adapts Communication Strategy Amid Market Changes

chest

Outset PR adapts communication strategy to align client narratives with real-time developments in the cryptocurrency market.

user avatarZainab Kamara

Ripple's Reece Merrick Calls for Banks to Embrace Stablecoins

chest

Ripple's Reece Merrick warns banks that without a stablecoin strategy, they risk falling behind in the evolving financial landscape.

user avatarKofi Adjeman

Trump's Economic Strategy: The Case for Rate Cuts

chest

Trump's campaign for interest rate cuts aims to stabilize the U.S. economy by making homeownership more accessible and boosting the stock market, though it raises concerns about inflation and fiscal health.

user avatarTando Nkube

Trump's Rate Cut Demands: A Strategic Political Move

chest

Trump's push for interest rate cuts is a strategic political move aimed at creating an economic revival narrative and enhancing his political capital.

user avatarSon Min-ho

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.