Another reason why more retail businesses are now accepting cryptocurrency is due to the regulatory framework that now surrounds it. In many countries around the world, financial regulators have established new rules to better define what crypto is. This has helped to legitimise it as a payment method and instilled confidence in retail workers regarding its validity.
For example, in the UK, a new draft law was introduced to parliament on 11th September 2024 that identified digital assets as personal property for the first time. Developments such as this boost the retail industry’s confidence in crypto.
The benefits that crypto holds for retail
However, the widespread acceptance of crypto isn’t the only reason that retail businesses have started to adopt it. By including crypto alongside other payment methods – i.e., cash, debit/credit cards, Apple Pay – the business benefits in more ways than one.
Crypto acceptance provides the following benefits for businesses:
Low transaction fees
As aforementioned, crypto guarantees low transaction fees for the buyer. Cryptocurrency is decentralised, meaning it doesn’t feature a central body. All transactions are, therefore, effectively automated. This means that nobody needs to be paid for handling transactions as no transaction handling takes place.
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This is not only beneficial to the buyer but also to the seller. Retail shops are charged a fee for both PayPal and credit or debit card transactions. For example, PayPal can charge as much as 2.9% for some commercial transactions.
Therefore, accepting crypto can help retailers forgo considerable transaction fees.
Security
Another big benefit of cryptocurrency is the security it can provide for transactions. As soon as a crypto transaction is made it gets recorded on the blockchain.
Both the buyer and the seller can review the blockchain to ensure that the transaction has taken place, which provides legitimacy and transparency. The blockchain is also safeguarded against cyber-attacks thanks to the encryption methods it employs.
Global sales
Unlike fiat currencies, cryptocurrency is borderless. This means that no currency exchanges are required to take place; neither are cross-border payment fees imposed. So, if a retailer wants to expand their global reach, accepting crypto makes doing so more economical.
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Final thoughts
Retailers aren’t only accepting crypto as a means of pleasing their clientele – they’re doing it because it comes with low transaction fees, high security, and global reach.
The fact that it also attracts pro-crypto shoppers is merely a plus point, rather than the main reason for it. It’s just as convenient as the likes of PayPal, without the transaction fees attached.
The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.
The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.
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The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.
Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency, which was later traced back to a major international theft.
The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.
Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the upcoming listing of DeLorean (DMC) on its Launchpool platform, with a total reward pool of 66,176,000 DMC tokens. Participants will have the opportunity to lock BGB or DMC tokens to earn a share of the reward allocation. The locking period will begin on June 24, 2025, at 11:00 UTC and conclude on June 26, 2025, at 11:00 UTC.
CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.
On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.
The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.
“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”
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“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”
Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.
When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.
“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.
“Such attacks are hard to detect because they exploit trusted elements of a platform.”
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More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.
This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.
Screenshot of drainer panel shared on Telegram Source: Rey
As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.
Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.
Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.
The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.
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