diff --git a/mythx_cli/__init__.py b/mythx_cli/__init__.py
index de44314..7ee209e 100644
--- a/mythx_cli/__init__.py
+++ b/mythx_cli/__init__.py
@@ -4,4 +4,4 @@
 
 __author__ = """Dominik Muhs"""
 __email__ = "dominik.muhs@consensys.net"
-__version__ = "0.4.1"
+__version__ = "0.5.0"
diff --git a/setup.cfg b/setup.cfg
index 442fb33..2c2ab2c 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.1
+current_version = 0.5.0
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index 8dc5b74..6d93ee1 100644
--- a/setup.py
+++ b/setup.py
@@ -57,6 +57,6 @@
     test_suite="tests",
     tests_require=test_requirements,
     url="https://github.com/dmuhs/mythx-cli",
-    version="0.4.1",
+    version="0.5.0",
     zip_safe=False,
 )