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Elon Musk and BitMEX Begin ‘Space Race’ With Doge and Bitcoin

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Although the DOGE effort was announced first, BitMEX’s recent publication has put Bitcoin ahead as both assets race to the moon.

Tesla CEO Elon Musk and Seychelles-based crypto derivatives exchange BitMEX have begun an interesting space race to literally take Doge and Bitcoin to the moon. While the Elon Musk attempt was the first announcement and was not intended to be a race, the response from BitMEX has now indubitably made it so.

DOGE vs BTC

In a June 4 BitMEX announcement, the exchange revealed plans to support Astrobotic Technology, a space robotics firm working to send its first commercial lander to the moon. BitMEX’s announcement states that the company scheduled the trip for the fourth quarter of 2021, but did not specify a date. According to BitMEX, the effort will be the first time a private company will lead a lunar expedition made up of academia, government, industry, and other international players. BitMEX intends to send a physical bitcoin along:

“BitMEX will mint a one-of-a-kind physical bitcoin, similar to the Casascius coins of 2013, which will be delivered to the Moon by Astrobotic.”

According to the announcement, the physical coin will hold one bitcoin at a public address. It would also be “underneath a tamper-evident hologram covering.”

Back in May, there was an announcement of a similar effort from SpaceX. According to the CEO, the company will launch a mission to the moon, making history as the first-ever commercial lunar payload completely paid for using DOGE. Announced by Geometric Energy Corporation (GEC),  company dubbed it “DOGE-1 Mission to the Moon”. The mission will use a SpaceX Falcon 9 rocket. 

The BitMEX announcement references the DOGE mission, saying:

“We’ve nothing against Dog Money, we felt it was only right to help Bitcoin get there first.” 

Apparently not taking the reference to heart, Musk responded saying: 

“A new space race has begun!” 

As part of the GEC announcement, SpaceX President of Commercial Sales Tom Ochinero revealed ambitious dreams for crypto. Ochinero said the mission would show that cryptocurrency application is possible outside of the earth’s orbit. He also added that the mission and out-of-earth crypto application could “set the foundation for interplanetary commerce”.  At the moment, both Doge and Bitcoin are set to hit the moon soon.

Not The First Efforts

Interestingly, the SpaceX and BitMEX efforts are not the pioneer crypto space moves. For example, blockchain company, Blockstream used leased satellites to beam the Bitcoin Blochcain all over the world. In a 2017 tweet, CEO Adam Back confirmed a successful Bitcoin transaction via the satellite.

Spacehain has also deployed nodes in orbit. Last week an announcement revealed that the company had launched its multisig Ethereum payload on a Space X rocket. The plan is to install the payload on the International Space Station.

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Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.





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Amber Group Announces New Amber App Referral Program

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Place/Date: Hong Kong – June 15th, 2021 at 8:37 pm UTC · 2 min read
Contact: Amber Group,
Source: Amber Group

Amber Group  the leading crypto trading and technology firm, announced new user perks and an enhanced referral program on its popular crypto finance mobile app – Amber App. Starting today, qualified new users are eligible to receive 18 USDS and up to 16% APR on BTC, ETH, and USD stablecoin deposits.

In addition, current Amber App users are now eligible to win an additional 10 USDS for each qualified referral, an 11% bonus from the referral’s Earn interest (excluding Flexible Earn), and Yield Boost subscription, and up to 34% on trading commissions.

Michael Wu, CEO of Amber Group, said:

“Since the inception of Amber Group, our goal has always been to provide our users with an unmatched crypto finance experience. We now serve users of all levels and hope the new user and referral incentives encourage new crypto adopters to explore the suite of crypto offerings we have built. We look forward to adding even more features and supporting new tokens soon.”

According to Amber Group, though BTC and ETH are still the preferred crypto investments, demand for DeFi tokens is booming. Amber Group has added DOT and BNB to its Flexible Earn feature, allowing users to earn up to 5% APR on their investments by simply depositing the tokens in the Amber App wallet. Amber Group plans on adding over a dozen new tokens to these investment features in the coming months.

In the past 5 months, Amber App has seen 4x growth with registered users crossing 100,000. Amber App now supports three new languages, Japanese, Turkish, and Russian in addition to English, Simplified Chinese, Traditional Chinese, Korean, Spanish and Portuguese. Users are also able to login to the app with their Facebook/Google account.

The Amber App is now available on the App Store and Google Play Store in over 140 countries and regions.

About Amber Group

Amber Group is one of the world’s leading crypto finance service providers, operating 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver. In 2019, the company raised $28 million in Series A funding led by Paradigm and Pantera Capital, with participation from Polychain Capital, Dragonfly Capital, Blockchain.com, Fenbushi Capital, and Coinbase Ventures.



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Bitcoin price hits $41K, then rejects after sellers defend the 200-MA

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The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls.

Data from Cointelegraph Markets Pro and TradingView shows that within the last few hours Bitcoin price rallied to $41,330 but the breakout was swiftly met by selling at overhead resistance levels.

BTC/USDT 4-hour chart. Source: TradingView

Another gauge of investor sentiment as highlighted by Rekt Capital is the 200 exponential moving average (EMA), which Bitcoin attempted to surpass on Tuesday but was firmly rejected. 

Bitcoin’s rejection at the 200 EMA was followed by a rapid sell-off to $39,500, showing that a possible move lower is not out of the question.

A few altcoins rally on positive news

Daily cryptocurrency market performance. Source: Coin360

While most of the altcoin market saw muted price action on June 15, Shiba Inu (SHIB) rallied 33% following the revelation that trading for the token would be supported on Coinbase Pro on June 17.

Following the announcement, Chiliz (CHZ) and KEEP also rallied 18% and 10% respectively. 

Icon (ICX) also received a boost following the release of a new Ethereum (ETH) Virtual Machine (EVM) compatible blockchain called ICE. ICE is expected to become the application hub for the Icon project and it will have its own native token.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ICX on June 13, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. ICX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score began to turn green on June 12 and eventually reached a high of 75 on June 13, 10 hours before the price increased 35% over the next two days.

Other notable altcoin performances include a 22% jump from Amp (AMP) and a 20% gain for iExecRLC (RLC) and Ultra (UOS).

The overall cryptocurrency market cap now stands at $1.685 trillion and Bitcoin’s dominance rate is 44.6%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.