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Fri Feb 7 01:38:58 CET 2014


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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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