diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c669981c4..63e44ad630 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,7 @@
 # Version 0.6.1
+## Changes
+- Updated Cosmos to v0.38.4 (#177)
+
 ## Bug fixes
 - Fixed the on-chain events usage (#175)
 
diff --git a/go.mod b/go.mod
index 61a598635c..f55cffd2f0 100644
--- a/go.mod
+++ b/go.mod
@@ -4,8 +4,8 @@ go 1.13
 
 require (
 	github.com/btcsuite/btcd v0.0.0-20190115013929-ed77733ec07d
-	github.com/cosmos/cosmos-sdk v0.38.3
-	github.com/desmos-labs/Go-Emoji-Utils v1.1.1-0.20200427052739-7137e1030ec2
+	github.com/cosmos/cosmos-sdk v0.38.4
+	github.com/desmos-labs/Go-Emoji-Utils v1.1.1-0.20200515063516-9c493b11de3e
 	github.com/gorilla/mux v1.7.3
 	github.com/otiai10/copy v1.0.2
 	github.com/spf13/cobra v0.0.6