• 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

Ethereum and Cronos Show Resilience in Crypto Market

chest

Ethereum and Cronos are showcasing resilience in the broader crypto market, with Ethereum trading around $3,249.92 and Cronos near $0.1017, both indicating positive market movements.

user avatarDavid Robinson

Copperx Launches Kosh: A Revolutionary Digital Bank for Freelancers

chest

Copperx has launched Kosh, a digital bank for freelancers and small businesses on the Solana blockchain, offering real-time, fee-free transactions.

user avatarAndrew Smith

Young Hoon Kim Endorses XRP Amid Solana Integration

chest

Young Hoon Kim publicly endorses XRP as it integrates into the Solana network, potentially boosting XRP's market performance.

user avatarJacob Williams

Standard Chartered to Facilitate Real-Time Transfers for Coinbase Customers

chest

Standard Chartered will enable real-time transfers of Singapore dollars to Coinbase customers, improving settlement times for crypto trading.

user avatarZainab Kamara

Lion Group's Convertible Note Funding Supports Bitcoin Acquisition

chest

Lion Group Holding Ltd allocated $8 million from a recent convertible note offering to facilitate its Bitcoin acquisition.

user avatarAyman Ben Youssef

Lion Group Acquires 8849 BTC for $8 Million

chest

Lion Group Holding Ltd has made its first Bitcoin acquisition, purchasing 8849 BTC valued at approximately $8 million.

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.