• 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

Metaplanet Reports Strong Financial Results Driven by Bitcoin Options

chest

Metaplanet reports strong financial results driven by its income-generation segment, primarily from Bitcoin put options.

Жанна Токтабаева

Gold Demand Surges as Central Banks Accumulate Precious Metal

chest

Central banks in developing countries have been on a gold-buying spree, leading to record demand for gold.

Gustavo Mendoza

Nvidia CEO Discusses China's Ban on AI Chips

chest

Nvidia CEO Jensen Huang expressed disappointment over China's ban on Nvidia chips, highlighting the larger geopolitical agendas at play.

Diego Alvarez

Prediction Market Gains Traction on Jerome Powell's Tie Choice

chest

A prediction market is gaining traction regarding whether Fed Chair Jerome Powell will wear a purple tie during the September FOMC press conference.

Артём Григорян

Dedollarization Accelerates as Chinese Yuan Usage Surges

chest

The usage of the Chinese yuan in global trade has more than doubled since 2022, indicating a significant shift towards dedollarization.

Дмитрий Коваленко

Metaplanet Expands Operations to the US with New Subsidiary

chest

Metaplanet, a hotel group with significant Bitcoin holdings, is establishing a subsidiary in Miami to enhance its income-generating activities.

Рустам Назаров

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.