diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index e4664ef18..1b52f15f5 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -9,6 +9,8 @@ All notable changes to this project are documented in this file.
 - Adds option to enter arguments for smart contract in an 'interactive' mode, which allows for much better parsing of input, activated by passing the ``--i`` flag when invoking.
 - Adds ability to *not* parse address strings such as AeV59NyZtgj5AMQ7vY6yhr2MRvcfFeLWSb when inputting to smart contract by passing the ``--no-parse`` flag
 - Changes the structure of items dispatched in SmartContractEvents to use the ``ContractParameter`` interface for better type inference and variable usage.
+- Bugfix: np-api-server with open wallet now properly processes new blocks
+
 
 [0.7.2] 2018-06-21
 -------------------
diff --git a/neo/bin/api_server.py b/neo/bin/api_server.py
index ef4c2f4d5..9a1eebfdb 100755
--- a/neo/bin/api_server.py
+++ b/neo/bin/api_server.py
@@ -201,6 +201,7 @@ def main():
         password_key = to_aes_key(passwd)
         try:
             wallet = UserWallet.Open(args.wallet, password_key)
+
         except Exception as e:
             print(f"Could not open wallet {e}")
             return
@@ -223,6 +224,11 @@ def main():
     dbloop = task.LoopingCall(Blockchain.Default().PersistBlocks)
     dbloop.start(.1)
 
+    # If a wallet is open, make sure it processes blocks
+    if wallet:
+        walletdb_loop = task.LoopingCall(wallet.ProcessBlocks)
+        walletdb_loop.start(1)
+
     # Setup twisted reactor, NodeLeader and start the NotificationDB
     reactor.suggestThreadPoolSize(15)
     NodeLeader.Instance().Start()