diff --git a/README.md b/README.md
index c54a555cb..4830d9303 100644
--- a/README.md
+++ b/README.md
@@ -13,7 +13,7 @@ Status](http://build.ethdev.com/buildstatusimage?builder=Linux%20Go%20develop%20
 
 Ethereum Go Client © 2014 Jeffrey Wilcke.
 
-Current state: Proof of Concept 0.7
+Current state: Proof of Concept 0.8
 
 Ethereum is currently in its testing phase. 
 
diff --git a/cmd/ethereum/main.go b/cmd/ethereum/main.go
index 95060025f..b23852282 100644
--- a/cmd/ethereum/main.go
+++ b/cmd/ethereum/main.go
@@ -32,7 +32,7 @@ import (
 
 const (
 	ClientIdentifier = "Ethereum(G)"
-	Version          = "0.7.11"
+	Version          = "0.8.0"
 )
 
 var clilogger = logger.NewLogger("CLI")
diff --git a/cmd/mist/main.go b/cmd/mist/main.go
index cae666d45..ce5e8449a 100644
--- a/cmd/mist/main.go
+++ b/cmd/mist/main.go
@@ -32,7 +32,7 @@ import (
 
 const (
 	ClientIdentifier = "Mist"
-	Version          = "0.7.11"
+	Version          = "0.8.0"
 )
 
 var ethereum *eth.Ethereum