Europe Crypto Roundup: Zondacrypto Launches Educational Center in Poland, Greece Plans $330 Million AI Data Center, and More

By admin On Sep 16, 2024

BeInCrypto’s comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent’s crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving regulatory environment, adoption rates, major industry events, and market movements.

This week’s roundup covers the launch of Zondacrypto’s education center in Poland, Telefónica’s integration with Polygon’s identity solution Privado ID, and other stories.

Zondacrypto Launches Poland’s First Cryptocurrency Education Center

Zondacrypto, a cryptocurrency exchange, is launching Poland’s first physical Education Center in Katowice, located at 21 Staromiejska Street. The center will offer free education on cryptocurrencies and safe investments to the public. The goal is to make cryptocurrencies and investments more accessible, even to those unfamiliar with the field.

This initiative marks a big step for the Katowice-based platform, which aims to promote crypto education in Europe. The center will operate from Monday to Friday, providing expert guidance to both beginners and experienced investors. Posts from the company’s X account hinted at the event but kept details under wraps until recently.

Agata Fit, Head of Community Relations & Skills, explained that the center was created to meet the growing demand for education on cryptocurrencies.

“We want to realize our mission and brand vision, which is to popularize cryptocurrencies in an accessible way. Also bring them closer to those who have never dealt with them before or know little about digital currency, but would like to learn more,” she said.

Fit also highlighted the center’s role in fostering a closer relationship with Zondacrypto users and people interested in safe investments. Katowice is just the start, with plans for more locations in the future.

Greece Plans New $330 Million Data Center to Boost AI Expansion

Paris-based Data4 is planning to invest around $330 million to build a major AI data center hub in Greece. This project aims to improve the country’s digital infrastructure and economy.

On September 12, Data4 announced that the new data center would be located in Paiania, near Athens. According to Bloomberg, the company’s CEO, Olivier Micheli, mentioned that they are negotiating with existing lenders and local Greek banks. He added that the site would greatly benefit the local economy and digital ecosystem.

Data4 operates several data centers across six European countries, and aims to invest €7 billion in expanding its operations. In addition, the company plans to build two more data centers at the Greek site for an extra €200 million.

Telefónica Tech Joins Polygon’s Privado ID as System Integrator

Spanish telecom giant Telefónica has become a system integrator for Polygon’s identity solution, Privado ID. On September 10, Telefónica Tech announced it will integrate Privado ID’s tools into its managed blockchain service, TrustOS. This collaboration aims to develop proof-of-concept projects for various digital identity applications, including age verification and e-signature solutions.

“This will allow users to automatically issue accreditations — such as training diplomas, academic qualifications, or attendance at seminars — as verifiable credentials, which can then be loaded into digital wallets,” said the companies.

The move comes as the EU prepares to introduce the European Digital Identity Regulation, a framework designed to provide citizens, residents, and businesses with a universally recognized digital identity for accessing public services and conducting transactions.

Privado ID relies on zero-knowledge (ZK) cryptography, a technology that allows users to verify information without disclosing additional personal data. This approach will strengthen privacy within the European digital ID wallet system.

“The regulation aims to create a more secure and standardized framework for electronic identification and trust services across Europe, making it essential for businesses and individuals to adopt compliant and innovative identity solutions,” the companies stated.

Polygon recently spun off its digital ID service and tested it through proofs-of-concept with several financial institutions, including Deutsche Bank.

Ireland Investigates Google’s AI Model for Data Protection Compliance

The Irish Data Protection Commission (DPC) has launched a cross-border investigation into Google Ireland Limited to assess whether the company complied with EU data protection laws during the development of its artificial intelligence model, Pathways Language Model 2 (PaLM2).

Announced on September 12, the DPC will examine whether Google used EU citizens’ personal data while training PaLM2, which was introduced on May 10, 2023. PaLM2 is an advanced language model known for its multilingual, reasoning, and coding capabilities.

The DPC emphasized the importance of a Data Protection Impact Assessment to ensure individuals’ rights are considered and protected, especially when processing personal data that poses a high risk. The inquiry is part of a broader initiative by the DPC and other EU/EEA regulators to oversee AI development and data usage.

“This statutory inquiry forms part of the wider efforts of the DPC, working in conjunction with its EU/EEA (European Economic Area) peer regulators, in regulating the processing of the personal data of EU/EEA data subjects in the development of AI models and systems,” DPC stated.

Google’s PaLM2 is available in four sizes — Gecko, Otter, Bison, and Unicorn — designed for various use cases, with Gecko optimized for mobile devices, even offline. Google has plans to release updated versions as the model integrates into more products.

This investigation follows the DPC’s recent conclusion of a probe into the social media platform X, which complied with EU data protection regulations.

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