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In President Obama's push to crack down on the abundance of firearms
in America, proposed gun-control legislation may be having the opposite
effect.Updated FBI statistics show that background checks in the first three
months of the year far outpace the number of checks in early
2012. The stats show that from January through March, gun owners went
through 7 million background checks -- compared with just 4.8 million in
the first three months of last year.The spike in checks, coupled with
mounting anecdotal claims that ammunition is hard to come by, comes amid
concern by gun owners that new proposals at the state and federal
level could limit access to firearms.Though supporters of the legislation
say that is not the case, the assurances haven't stopped what statistics
suggest is a run on weapons. The purchases have picked up ever
since Obama's election in 2008. Since 2009, there have been 71 million
background checks logged in the federal system. The annual number has risen
every year.The recorded checks only apply to sales from licensed dealers.The
most recent spike further adds to the underlying challenge facing lawmakers
-- how do you regulate weapons when there are already 300 million
of them, and rising, in circulation?While some lawmakers have proposed clawing
back currently owned assault-style weapons, most proposed assault-weapons
bans only apply to future purchases. And at the federal level, the
chance of such a ban passing has
t the only ones cashing in on Bitcoin. The hackers behind
Lulz Security, whose campaign of online havoc drew worldwide attention back
in 2011, received thousands of dollars' worth of bitcoins after promising
followers that the money would go toward launching attacks against the FBI.A
report apparently drawn up by the bureau and leaked to the Internet
last year said that "since Bitcoin does not have a centralized authority,
detecting suspicious activity, identifying users and obtaining transaction
records is problematic for law enforcement."It went on to warn that bitcoins
might become "an increasingly useful tool for various illegal activities
beyond the cyber realm" -- including child pornography, trafficking and
terrorism.The FBI did not immediately respond to an email seeking comment.Late
last month, the U.S. Treasury's Financial Crimes Enforcement Network, or
FinCen, announced it was extending its money-laundering rules to U.S. bitcoin
dealers and transfer services, meaning that companies that trade in the
cybercurrency would have to keep more detailed records and report high-value
transactions.Many in the Bitcoin community are frustrated at the attention
paid to the shadier side of the virtual economy.Atlanta-based entrepreneur
Anthony Gallippi said the focus on drugs and hacking misses the "much
bigger e-commerce use for this that's growing and that's growing rapidly."Very
few businesses set their prices in bitcoins -- the currency
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