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

3 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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

US Tech Stocks Experience Significant Gains Driven by AI Boom

chest

The US tech stock market has seen substantial gains over the last year, driven by advancements in AI technology.

user avatarAyman Ben Youssef

Traders Predict Early Release of OpenAI's GPT-6 Model

chest

Prediction market traders are optimistic about the early release of OpenAI's GPT-6 model, estimating a 59% chance of launch by September 15.

user avatarTando Nkube

Visa Seeks New Crypto Stablecoin Partner for Global Settlements

chest

Visa is seeking a new crypto stablecoin partner to enhance its global settlement capabilities after the acquisition of its previous partner, BVNK, by Mastercard.

user avatarKofi Adjeman

AMD's Gaming Division Struggles Amid AI Market Concerns

chest

AMD's gaming division faces challenges with a 31% revenue dip, raising concerns about its ability to protect stock value amid potential AI market fluctuations.

user avatarSatoshi Nakamura

Michael Burry Warns of Potential AI Bubble Burst

chest

Michael Burry warns of a potential AI bubble burst that could lead to significant losses in tech stocks, particularly for companies like AMD.

user avatarNguyen Van Long

Nike Stock Hits 12-Year Low Amid Rebound Speculation

chest

Nike's stock closed at a 12-year low of $39.09, raising concerns about its future performance and potential for a rebound.

user avatarJesper Sørensen

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.