diff --git a/requirements.txt b/requirements.txt
index 53171b6..a87f018 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,6 +1,6 @@
 base58==2.0.1
 coverage==5.1
-ipython==7.14.0
+ipython==7.16.3
 portray==1.3.1
 pre-commit==2.3.0
 py-bip39-bindings==0.1.6
diff --git a/setup.py b/setup.py
index 1c1e8b5..b9f861d 100644
--- a/setup.py
+++ b/setup.py
@@ -35,7 +35,7 @@
 EXTRAS = {
     "dev": [
         "coverage==5.1",
-        "ipython==7.14.0",
+        "ipython==7.16.3",
         "portray==1.3.1",
         "pre-commit==2.3.0",
         "pytest==5.4.1",