• 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

Monero Maintains Leadership in Privacy Sector

chest

Monero remains the top choice for privacy-focused investors despite recent price fluctuations.

user avatarLeo van der Veen

Chainlink Launches New Interoperability Protocol

chest

Chainlink's new interoperability protocol, Phase 2, is successfully connecting major European banks, enhancing its role in the crypto market.

user avatarBayarjavkhlan Ganbaatar

Bitcoin Cash Emerges as a DeFi Contender

chest

Bitcoin Cash is gaining traction in the DeFi space with its CashTokens upgrade, reaching a record $650 million in locked funds.

user avatarAisha Farooq

Tron Dominates the Stablecoin Market

chest

Tron is solidifying its position in the crypto market with the beta rollout of the JustPay Protocol, allowing users to pay fees in USDT.

user avatarTenzin Dorje

Step Finance Suffers Major Hack, $30 Million in SOL Tokens Stolen

chest

Step Finance has reported a significant security breach resulting in the theft of 261,854 SOL tokens, valued at approximately $30 million.

user avatarLi Weicheng

SUI Eyes Potential Recovery Amidst Market Pressure

chest

SUI is hovering near $1.70 after a sharp decline, with signs of stability suggesting a potential recovery.

user avatarElias Mukuru

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.