diff --git a/CHANGES.rst b/CHANGES.rst
index d9a27dc23..deae053e3 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,3 +1,13 @@
+**2016-03-22**
+
+*Released 3.4*
+
+- Move ``Updater``, ``Dispatcher`` and ``JobQueue`` to new ``telegram.ext`` submodule (thanks to @rahiel)
+- Add ``disable_notification`` parameter (thanks to @aidarbiktimirov)
+- Fix bug where commands sent by Telegram Web would not be recognized (thanks to @shelomentsevd)
+- Add option to skip old updates on bot startup
+- Send files from ``BufferedReader``
+
 **2016-02-28**
 
 *Released 3.3*
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 42b2ce18f..8493bf3f0 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -58,9 +58,9 @@ author = u'Leandro Toledo'
 # built documents.
 #
 # The short X.Y version.
-version = '3.3'
+version = '3.4'
 # The full version, including alpha/beta/rc tags.
-release = '3.3.0'
+release = '3.4.0'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index c981b54c6..6463c354d 100644
--- a/setup.py
+++ b/setup.py
@@ -26,7 +26,7 @@ def requirements():
 
 setup(
     name='python-telegram-bot',
-    version='3.3',
+    version='3.4',
     author='Leandro Toledo',
     author_email='devs@python-telegram-bot.org',
     license='LGPLv3',
diff --git a/telegram/__init__.py b/telegram/__init__.py
index 455b83045..199075234 100644
--- a/telegram/__init__.py
+++ b/telegram/__init__.py
@@ -85,7 +85,7 @@ def JobQueue(*args, **kwargs):
 
 
 __author__ = 'devs@python-telegram-bot.org'
-__version__ = '3.3'
+__version__ = '3.4'
 __all__ = ('Audio', 'Bot', 'Chat', 'Emoji', 'TelegramError', 'InputFile',
            'Contact', 'ForceReply', 'ReplyKeyboardHide', 'ReplyKeyboardMarkup',
            'UserProfilePhotos', 'ChatAction', 'Location', 'Video', 'Document',