• 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

Sonnet BioTherapeutics Merges with Hyperliquid Strategies to Form HYPE-Focused Crypto Treasury

chest

Sonnet BioTherapeutics shareholders approved a merger with Hyperliquid Strategies and Rorschach I to create a HYPE-focused crypto treasury.

user avatarAisha Farooq

Italy's Consob Sets Deadline for Crypto Service Providers

chest

Italy's securities regulator, Consob, mandates crypto service providers to secure authorization under the EU's MiCA by December 30, 2025.

user avatarTenzin Dorje

New York and Wyoming Introduce Crypto-Related Bills

chest

New York proposes a 0.2% tax on crypto transactions for substance abuse programs, while Wyoming plans to use stablecoin reserves for education funding.

user avatarBayarjavkhlan Ganbaatar

GOP Faces Potential Policy Shifts Amid Venezuela Dispute

chest

Political analysts observe internal tensions within the GOP regarding Venezuela, potentially leading to significant policy shifts that could affect sanctions enforcement and geopolitical alignments.

user avatarMohamed Farouk

Trump Supporters Clash Over Venezuela Policy in Miami

chest

In Miami, Donald Trump supporters, especially among Cuban and Venezuelan exiles, are clashing over the Republican Party's policy towards Venezuela's regime, highlighting local political interests and US foreign policy tensions.

user avatarElias Mukuru

Bitcoin Bounces at 88K but Must Reclaim 90K to Avoid Further Decline

chest

Bitcoin bounced off the 88,000 level after facing resistance near the 93,000 to 95,000 range. Analysts indicate that reclaiming the 90,000 level is crucial for potential upside, as failure to do so may result in a drop back to the 84,000 area.

user avatarDiego Alvarez

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.