diff --git a/README.md b/README.md
index 2627bc85e2..f6bcaad288 100644
--- a/README.md
+++ b/README.md
@@ -6,7 +6,7 @@ Ethereum
 Ethereum Go Development package (C) Jeffrey Wilcke
 
 Ethereum is currently in its testing phase. The current state is "Proof
-of Concept 5.0 RC6". For build instructions see the [Wiki](https://github.com/ethereum/go-ethereum/wiki/Building-Ethereum(Go)).
+of Concept 5.0 RC7". For build instructions see the [Wiki](https://github.com/ethereum/go-ethereum/wiki/Building-Ethereum(Go)).
 
 Ethereum Go is split up in several sub packages Please refer to each
 individual package for more information.
diff --git a/ethutil/config.go b/ethutil/config.go
index fd590fbdb8..abe86babe3 100644
--- a/ethutil/config.go
+++ b/ethutil/config.go
@@ -42,7 +42,7 @@ func ReadConfig(base string, logTypes LoggerType) *config {
 			}
 		}
 
-		Config = &config{ExecPath: path, Debug: true, Ver: "0.5.0 RC6"}
+		Config = &config{ExecPath: path, Debug: true, Ver: "0.5.0 RC7"}
 		Config.Log = NewLogger(logTypes, LogLevelDebug)
 		Config.SetClientString("/Ethereum(G)")
 	}