diff --git a/Cargo.lock b/Cargo.lock
index ff6f679ed78bb..85ab60453bd1a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1,5 +1,7 @@
 # This file is automatically @generated by Cargo.
 # It is not intended for manual editing.
+version = 3
+
 [[package]]
 name = "Inflector"
 version = "0.11.4"
@@ -2007,6 +2009,17 @@ dependencies = [
  "wasm-bindgen",
 ]
 
+[[package]]
+name = "getrandom"
+version = "0.2.6"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9be70c98951c83b8d2f8f60d7065fa6d5146873094452a1008da8c2f1e4205ad"
+dependencies = [
+ "cfg-if 1.0.0",
+ "libc",
+ "wasi 0.10.0+wasi-snapshot-preview1",
+]
+
 [[package]]
 name = "ghash"
 version = "0.3.0"
@@ -2224,6 +2237,17 @@ dependencies = [
  "hmac 0.7.1",
 ]
 
+[[package]]
+name = "hmac-drbg"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "17ea0a1394df5b6574da6e0c1ade9e78868c9fb0a4e5ef4428e32da4676b85b1"
+dependencies = [
+ "digest 0.9.0",
+ "generic-array 0.14.4",
+ "hmac 0.8.1",
+]
+
 [[package]]
 name = "honggfuzz"
 version = "0.5.51"
@@ -2797,9 +2821,9 @@ checksum = "3576a87f2ba00f6f106fdfcd16db1d698d648a26ad8e0573cad8537c3c362d2a"
 
 [[package]]
 name = "libc"
-version = "0.2.81"
+version = "0.2.126"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1482821306169ec4d07f6aca392a4681f66c75c9918aa49641a2595db64053cb"
+checksum = "349d5a591cd28b49e1d1037471617a32ddcda5731b99419008085f72d5a53836"
 
 [[package]]
 name = "libloading"
@@ -2870,7 +2894,7 @@ dependencies = [
  "futures 0.3.8",
  "futures-timer 3.0.2",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.3.5",
  "log",
  "multihash",
  "multistream-select",
@@ -3247,13 +3271,61 @@ dependencies = [
  "arrayref",
  "crunchy",
  "digest 0.8.1",
- "hmac-drbg",
+ "hmac-drbg 0.2.0",
  "rand 0.7.3",
  "sha2 0.8.2",
  "subtle 2.3.0",
  "typenum",
 ]
 
+[[package]]
+name = "libsecp256k1"
+version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b0452aac8bab02242429380e9b2f94ea20cea2b37e2c1777a1358799bbe97f37"
+dependencies = [
+ "arrayref",
+ "base64 0.13.0",
+ "digest 0.9.0",
+ "hmac-drbg 0.3.0",
+ "libsecp256k1-core",
+ "libsecp256k1-gen-ecmult",
+ "libsecp256k1-gen-genmult",
+ "rand 0.8.5",
+ "serde",
+ "sha2 0.9.2",
+ "typenum",
+]
+
+[[package]]
+name = "libsecp256k1-core"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5be9b9bb642d8522a44d533eab56c16c738301965504753b03ad1de3425d5451"
+dependencies = [
+ "crunchy",
+ "digest 0.9.0",
+ "subtle 2.3.0",
+]
+
+[[package]]
+name = "libsecp256k1-gen-ecmult"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3038c808c55c87e8a172643a7d87187fc6c4174468159cb3090659d55bcb4809"
+dependencies = [
+ "libsecp256k1-core",
+]
+
+[[package]]
+name = "libsecp256k1-gen-genmult"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3db8d6ba2cec9eacc40e6e8ccc98931840301f1006e95647ceb2dd5c3aa06f7c"
+dependencies = [
+ "libsecp256k1-core",
+]
+
 [[package]]
 name = "libz-sys"
 version = "1.1.2"
@@ -5930,7 +6002,7 @@ version = "0.7.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6a6b1679d49b24bbfe0c803429aa1874472f50d9b363131f0e89fc356b544d03"
 dependencies = [
- "getrandom",
+ "getrandom 0.1.15",
  "libc",
  "rand_chacha 0.2.2",
  "rand_core 0.5.1",
@@ -5938,6 +6010,17 @@ dependencies = [
  "rand_pcg 0.2.1",
 ]
 
+[[package]]
+name = "rand"
+version = "0.8.5"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "34af8d1a0e25924bc5b7c43c079c942339d8f0a8b57c39049bef581b46327404"
+dependencies = [
+ "libc",
+ "rand_chacha 0.3.1",
+ "rand_core 0.6.3",
+]
+
 [[package]]
 name = "rand_chacha"
 version = "0.1.1"
@@ -5958,6 +6041,16 @@ dependencies = [
  "rand_core 0.5.1",
 ]
 
+[[package]]
+name = "rand_chacha"
+version = "0.3.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e6c10a63a0fa32252be49d21e7709d4d4baf8d231c2dbce1eaa8141b9b127d88"
+dependencies = [
+ "ppv-lite86",
+ "rand_core 0.6.3",
+]
+
 [[package]]
 name = "rand_core"
 version = "0.3.1"
@@ -5979,7 +6072,16 @@ version = "0.5.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "90bde5296fc891b0cef12a6d03ddccc162ce7b2aff54160af9338f8d40df6d19"
 dependencies = [
- "getrandom",
+ "getrandom 0.1.15",
+]
+
+[[package]]
+name = "rand_core"
+version = "0.6.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d34f1408f55294453790c48b2f1ebbb1c5b4b7563eb1f418bcfcfdbb06ebb4e7"
+dependencies = [
+ "getrandom 0.2.6",
 ]
 
 [[package]]
@@ -6135,7 +6237,7 @@ version = "0.3.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "de0737333e7a9502c789a36d7c7fa6092a49895d4faa31ca5df163857ded2e9d"
 dependencies = [
- "getrandom",
+ "getrandom 0.1.15",
  "redox_syscall",
  "rust-argon2",
 ]
@@ -6868,7 +6970,7 @@ dependencies = [
  "derive_more",
  "hex-literal",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.7.0",
  "log",
  "parity-scale-codec",
  "parity-wasm 0.41.0",
@@ -7590,7 +7692,7 @@ dependencies = [
  "arrayref",
  "arrayvec 0.5.2",
  "curve25519-dalek 2.1.0",
- "getrandom",
+ "getrandom 0.1.15",
  "merlin",
  "rand 0.7.3",
  "rand_core 0.5.1",
@@ -8255,7 +8357,7 @@ dependencies = [
  "hex-literal",
  "impl-serde",
  "lazy_static",
- "libsecp256k1",
+ "libsecp256k1 0.7.0",
  "log",
  "merlin",
  "num-traits",
@@ -8347,7 +8449,7 @@ version = "2.0.0"
 dependencies = [
  "futures 0.3.8",
  "hash-db",
- "libsecp256k1",
+ "libsecp256k1 0.7.0",
  "log",
  "parity-scale-codec",
  "parking_lot 0.10.2",
@@ -9764,7 +9866,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "04f8ab788026715fa63b31960869617cba39117e520eb415b0139543e325ab59"
 dependencies = [
  "cfg-if 0.1.10",
- "rand 0.6.5",
+ "rand 0.7.3",
  "static_assertions",
 ]
 
diff --git a/client/executor/Cargo.toml b/client/executor/Cargo.toml
index c5ce4b86e12f5..e538094ce9c42 100644
--- a/client/executor/Cargo.toml
+++ b/client/executor/Cargo.toml
@@ -35,7 +35,7 @@ sc-executor-wasmi = { version = "0.8.0", path = "wasmi" }
 sc-executor-wasmtime = { version = "0.8.0", path = "wasmtime", optional = true }
 parking_lot = "0.10.0"
 log = "0.4.8"
-libsecp256k1 = "0.3.4"
+libsecp256k1 = "0.7.0"
 
 [dev-dependencies]
 assert_matches = "1.3.0"
diff --git a/primitives/core/Cargo.toml b/primitives/core/Cargo.toml
index 1d0ff4f208282..bbf461f351e99 100644
--- a/primitives/core/Cargo.toml
+++ b/primitives/core/Cargo.toml
@@ -49,7 +49,7 @@ schnorrkel = { version = "0.9.1", features = ["preaudit_deprecated", "u64_backen
 sha2 = { version = "0.8.0", default-features = false, optional = true }
 hex = { version = "0.4", default-features = false, optional = true }
 twox-hash = { version = "1.5.0", default-features = false, optional = true }
-libsecp256k1 = { version = "0.3.2", default-features = false, features = ["hmac"], optional = true }
+libsecp256k1 = { version = "0.7.0", default-features = false, features = ["hmac"], optional = true }
 merlin = { version = "2.0", default-features = false, optional = true }
 
 sp-runtime-interface = { version = "2.0.0", default-features = false, path = "../runtime-interface" }
diff --git a/primitives/io/Cargo.toml b/primitives/io/Cargo.toml
index e65d75146d654..c3207a15974f3 100644
--- a/primitives/io/Cargo.toml
+++ b/primitives/io/Cargo.toml
@@ -20,7 +20,7 @@ hash-db = { version = "0.15.2", default-features = false }
 sp-core = { version = "2.0.0", default-features = false, path = "../core" }
 sp-keystore = { version = "0.8.0", default-features = false, optional = true, path = "../keystore" }
 sp-std = { version = "2.0.0", default-features = false, path = "../std" }
-libsecp256k1 = { version = "0.3.4", optional = true }
+libsecp256k1 = { version = "0.7.0", optional = true }
 sp-state-machine = { version = "0.8.0", optional = true, path = "../state-machine" }
 sp-wasm-interface = { version = "2.0.0", path = "../wasm-interface", default-features = false }
 sp-runtime-interface = { version = "2.0.0", default-features = false, path = "../runtime-interface" }