European Crypto News: ZondaCryto Launches Education Center

BeenCrypto's comprehensive European crypto roundup covers the latest news and trends shaping the continent's crypto landscape. With journalists in key markets such as Germany, France and the UK, we provide in-depth insights into the regulatory environment, adoption rates, key industry events and market movements.

This week's roundup covers the launch of the Zondacrito Education Center in Poland, Telefonica's merger with Polygon's identity solution Privado ID, and other stories.

Zondacrypto launched Poland's first cryptocurrency education center

Zondacrypto, a cryptocurrency exchange, opens Poland's first fitness center in Katowice, located at 21 Staromiejska street. The center provides free education to the public about cryptocurrencies and safe investments. The goal is to make cryptocurrencies and investments more accessible, even to those new to the field.

This initiative is a major step for the Katowice-based platform, which aims to promote crypto education in Europe. The center is open Monday through Friday and offers expert guidance to both beginners and experienced investors. Posts from Company X's account hinted at the event, but kept the details under wraps until recently.

Agata Fitt, Head of Community Relations and Skills, explained that the center was created to meet the growing demand for cryptocurrency education.

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

Read more: 4 Best Crypto Learn and Discover Platforms in 2024

Fitness highlighted the center's role in building closer relationships with Zondacrypto users and people interested in safe investments. Katowice is just the beginning, with plans for more locations in the future.

Greece plans new $330 million data center to boost AI expansion

Paris-based Data 4 plans to invest around $330 million to build a large AI data center in Greece. This project aims to improve the country's digital infrastructure and economy.

On September 12, Data 4 announced that its new data center will be located in Paenia, near Athens. According to Bloomberg, the company's CEO, Olivier Micheli, mentioned that they are negotiating with existing creditors and local Greek banks. He added that the location will bring significant benefits to the local economy and digital ecosystem.

Data 4 operates multiple databases in six European countries and aims to invest €7 billion to expand its operations. In addition, the company plans to pay an additional 200 million euros to build two more data centers on the Greek site.

Telefonica Tech has joined Polygon Privado ID as a system integrator.

Spanish telecom giant Telefónica has partnered with Polygon's Privado ID authentication system. On September 10, Telefonica Tech announced that it will integrate Privado's identity tools into its managed blockchain service TrussOff. This collaboration aims to develop proof-of-concept projects for various digital identity applications, including age verification and e-signature solutions.

“This allows users to automatically provide credentials such as training diplomas, academic qualifications or attendance at seminars – as verified credentials, which can then be uploaded to digital wallets,” the companies said.

Read more: Decentralized Identity and the Future of Web3: What to Know

The move is designed to give citizens, residents and businesses an internationally recognized digital identity to access public services and conduct transactions as the EU prepares to introduce a European digital identity regulation.

Privado ID is based on zero-knowledge (ZK) cryptography, a technology that allows users to authenticate information without revealing additional personal information. This approach strengthens privacy in the European digital identity wallet system.

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

Polygon recently rolled out its digital ID service and tested it with authentication at various financial institutions, including Deutsche Bank.

Ireland examines compliance with Google's AI model for data protection.

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

The DPC, announced on September 12, will investigate the use of personal data of EU citizens while training Google PaLM2, which was introduced on May 10, 2023. PaLM2 is an advanced language model with multilingual, reasoning, and coding capabilities.

The DPC has emphasized the importance of data protection impact assessments to ensure that the rights of individuals are considered and protected, particularly when processing personal data that poses a high risk. The inquiry is part of a wider initiative by the DPC and other EU/EEA regulators to regulate AI development and data use.

“This statutory request is part of the DPC's wider efforts in cooperation with EU/EEA (European Economic Area) peer regulators to address EU/EEA data subjects' integration of personal data in the development of AI models and systems,” the DPC said.

Read More: How to Invest in Artificial Intelligence (AI) Cryptocurrencies?

Google PaLM2 is available in four sizes – Gecko, Otter, Bison and Unicorn – designed for different use cases, Gecko is optimized for mobile devices even offline. Google plans to release updated versions as the model is integrated into more products.

This investigation follows the conclusion of the DPC's recent investigation into social media platform X's compliance with EU data protection regulations.