Cryptocurrency News Today TheBitTimes.com

A joint space venture between BitMEX and the private tech firm Astrobotic, intended to take Bitcoin literally ‘to the moon,’ is set to end in spectacular failure with the faulty lunar lander and its crypto cargo doomed to burn up as it plummets back to Earth. Astrobotic’s mission was to make the moon “accessible to everyone” as it launched the Peregrine spacecraft on its first mission. It offered buyers the chance to send telescopes, rovers, memorial gestures, and brand deals to the moon.  BitMEX paid to send a physical “lunar bitcoin” engraved with the private key to a wallet holding 1 BTC. The firm’s apparent goal was to generate publicity for a competition that would see winners walk away with a baseball hat signed by founder and former CEO Arthur Hayes. The competition would also divide 100,000 tethers (USDT) among the top traders. Unfortunately, on January 15, Astrobotic announced that, following a catastrophic propellant leak and issues with its solar panels last ...

BitMEX launched the Prediction Markets product to allow traders bet on events such as outcome of FTX bankruptcy claims and Sam Bankman-Fried’s criminal case. The product offers speculative contracts that will be marked at Last Price. Chancer on the other hand is a blockchain-based prediction markets platform expected to revolutionise the gambling industry.  Crypto exchange BitMEX has unveiled a new predictions product for its users, with the global community able to bet on real-world events from within the platform. What is BitMEX’s Prediction Markets and how is this different from what Chancer, an anticipated game-changer for the $80 billion gambling industry, offers? What’s BitMEX’s Prediction Markets? Prediction Markets is a new crypto derivatives offering from BitMEX that will allow traders to take positions that predict the outcome of certain real-life events. While the contracts will cover nearly every topic, industry or ev...