diff --git a/README.md b/README.md
index 1f2f1cc8..f8360019 100644
--- a/README.md
+++ b/README.md
@@ -103,7 +103,7 @@ Prerequisites:
   export CELO_BLOCKCHAIN_PATH=path/to/celo-blockchain
   ```
 
-* Checkout `rosetta` tag `v0.7.7` (`git fetch --all && git checkout v0.7.7`) (or latest released tag) and `make gen-contracts && make all`
+* Checkout `rosetta` tag `v0.7.8-beta` (`git fetch --all && git checkout v0.7.8-beta`) (or latest released tag) and `make gen-contracts && make all`
 * Run `make alfajores-env` to create an empty datadir with the genesis block (only needs to be run the first time, upon initializing the service). The output should look something like this:
 
   ```sh
diff --git a/service/rpc/versions.go b/service/rpc/versions.go
index 8c48303c..7d138486 100644
--- a/service/rpc/versions.go
+++ b/service/rpc/versions.go
@@ -24,6 +24,6 @@ const (
 )
 
 var (
-	MiddlewareVersion = "0.7.7"
+	MiddlewareVersion = "0.7.8-beta"
 	NodeVersion       = params.Version
 )