diff --git a/pkgs/development/python-modules/bip_utils/default.nix b/pkgs/development/python-modules/bip_utils/default.nix
index 17f996bfd70..1854bd4f71b 100644
--- a/pkgs/development/python-modules/bip_utils/default.nix
+++ b/pkgs/development/python-modules/bip_utils/default.nix
@@ -8,7 +8,7 @@
 
 buildPythonPackage rec {
   pname = "bip_utils";
-  version = "1.6.0";
+  version = "1.7.0";
 
   disabled = pythonOlder "3.6";
 
@@ -16,7 +16,7 @@ buildPythonPackage rec {
     owner = "ebellocchia";
     repo = pname;
     rev = "v${version}";
-    sha256 = "0zbjrgl4dd65r3liyp8syxr106z1wn7ngfcm5dlfcxqwj8zkf56m";
+    sha256 = "1dj0c9sj0c4dkdf7rbz3s1z5kfzw22hpncm4bnwqigjzi6nrk81z";
   };
 
   propagatedBuildInputs = [ ecdsa pysha3 ];