• 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

Traditional Payment Systems Struggle in Nigeria Amid Crypto Rise

chest

Traditional payment systems like Apple Pay and PayPal face significant challenges in Nigeria, with users reporting account locks and failed verifications, while stablecoins like USDT gain popularity.

user avatarElias Mukuru

iShowSpeed Makes History with USDT Purchase in Nigeria

chest

iShowSpeed makes headlines by purchasing earrings worth 23 million naira using Tether's USDT in Nigeria, showcasing the growing acceptance of stablecoins.

user avatarDiego Alvarez

Solana ETF Sees First Outflows in Two Weeks

chest

On Thursday, the Solana ETF recorded $22 million in outflows, marking the first daily decline after a week of trading sessions.

user avatarMaria Fernandez

Sentient Token Surges Despite Broader Market Decline

chest

Sentient (SENT) token surged over 60% despite a nearly 5% decline in the overall cryptocurrency market, driven by technical factors and traders seeking alternatives to Bitcoin's weakness.

user avatarKenji Takahashi

Ridges: Leader in AI Agent Training

chest

Ridges specializes in training autonomous AI agents and has recently attracted significant investment from the Stillmark Fund.

user avatarGustavo Mendoza

Lium: A Promising GPU Marketplace

chest

Lium, a Bittensor subnet, offers a flexible GPU marketplace for AI data processing.

user avatarRajesh Kumar

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.