It started going down last night (my time) not long after Charlie Lee posted something on twitter about the China exchange ban and having a trusted source I can't remember what it said but he deleted it very shortly after.
Could have been a coincidence though I've not long been up (it's still early ish in the morning here) so not had chance to see if anything else has happened or been confirmed
I must admit I got very spooked by that so I moved my stuff out of Bitfinex into Bittrex and some in Kraken right now. Would have been kind'a scary if they just closed it. I mean, I'm half trading half hodling so I can't have it all in some private wallet.
If I understood things correctly, Kraken and Bittrex are "safe" from this alleged China ban because they operate in US of A, yes?
EDIT: Everything is topsy-turvy. *lol* ...so much confusion everywhere it seems.
As safe as any exchange can be I guess very rare I trade so currently have 100% offline
The rumor has it that the Chinese exchanges will need to be government licenced which none are afaik so likely all will temporary close with only the larger ones gaining a licence
Anything can happen though I don't believe anything until it happens and even then I know what I hold is safe so when things recover I still have what I had before plus more
Most that will panic sell are the newbies that have never seen this before and the traders that will just buy back in
I've lost technically hundereds of thousands worth over the years with what I've sold I was checking my old wallets yesterday and the only one that had something in was from early 2013 and it was a grand total of 0.005something BTC I was gonna sent it with no fees but can't get any passwords to work lol good job it wasn't anything major that wallet at one point had around 10 BTC in it though bit was all sold mid/late 2013