All About Bitcoin

Biden's Push for Punitive Tax on Crypto Mining; Bitcoin’s Average Transaction Fee Spikes

In this episode of "All About Bitcoin," Montana passes a pro-crypto mining law as the White House pushes for a punitive tax on crypto mining. Bitcoin Policy Institute Fellow and Reed College Professor of Philosophy and Humanities Troy Cross joins the conversation. Plus, a spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like “inscriptions” has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue.


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