diff --git a/Cargo.lock b/Cargo.lock
index de6294d121..0a232f29b7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -601,6 +601,12 @@ version = "1.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8c3c1a368f70d6cf7302d78f8f7093da241fb8e8807c05cc9e51a125895a6d5b"
 
+[[package]]
+name = "bech32"
+version = "0.9.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d86b93f97252c47b41663388e6d155714a9d0c398b99f1005cbc5f978b29f445"
+
 [[package]]
 name = "beef"
 version = "0.5.2"
@@ -663,11 +669,26 @@ version = "0.6.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "349f9b6a179ed607305526ca489b34ad0a41aed5f7980fa90eb03160b69598fb"
 
+[[package]]
+name = "bitcoin"
+version = "0.30.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4e99ff7289b20a7385f66a0feda78af2fc119d28fb56aea8886a9cd0a4abdd75"
+dependencies = [
+ "bech32",
+ "bitcoin-private",
+ "bitcoin_hashes 0.12.0",
+ "core2 0.3.3",
+ "hex_lit",
+ "secp256k1 0.27.0",
+]
+
 [[package]]
 name = "bitcoin"
 version = "1.2.0"
 dependencies = [
- "bitcoin_hashes",
+ "bitcoin 0.30.1",
+ "bitcoin_hashes 0.7.6",
  "frame-support",
  "hex",
  "impl-serde 0.3.2",
@@ -681,12 +702,28 @@ dependencies = [
  "spin 0.7.1",
 ]
 
+[[package]]
+name = "bitcoin-private"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "73290177011694f38ec25e165d0387ab7ea749a4b81cd4c80dae5988229f7a57"
+
 [[package]]
 name = "bitcoin_hashes"
 version = "0.7.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b375d62f341cef9cd9e77793ec8f1db3fc9ce2e4d57e982c8fe697a2c16af3b6"
 
+[[package]]
+name = "bitcoin_hashes"
+version = "0.12.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5d7066118b13d4b20b23645932dfb3a81ce7e29f95726c2036fa33cd7b092501"
+dependencies = [
+ "bitcoin-private",
+ "core2 0.3.3",
+]
+
 [[package]]
 name = "bitflags"
 version = "1.3.2"
@@ -858,7 +895,7 @@ checksum = "bd769563b4ea2953e2825c9e6b7470a5f55f67e0be00030bf3e390a2a6071f64"
 name = "btc-relay"
 version = "1.2.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 1.2.0",
  "frame-benchmarking",
  "frame-support",
  "frame-system",
@@ -1083,7 +1120,7 @@ version = "0.8.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f6ed9c8b2d17acb8110c46f1da5bf4a696d745e1474a16db0cd2b49cd0249bf2"
 dependencies = [
- "core2",
+ "core2 0.4.0",
  "multibase",
  "multihash 0.16.3",
  "serde",
@@ -1335,6 +1372,15 @@ version = "0.8.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e496a50fda8aacccc86d7529e2c1e0892dbd0f898a6b5645b5561b89c3210efa"
 
+[[package]]
+name = "core2"
+version = "0.3.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "239fa3ae9b63c2dc74bd3fa852d4792b8b305ae64eeede946265b6af62f1fff3"
+dependencies = [
+ "memchr",
+]
+
 [[package]]
 name = "core2"
 version = "0.4.0"
@@ -4420,6 +4466,12 @@ dependencies = [
  "proc-macro-hack",
 ]
 
+[[package]]
+name = "hex_lit"
+version = "0.1.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3011d1213f159867b13cfd6ac92d2cd5f1345762c63be3554e84092d85a50bbd"
+
 [[package]]
 name = "hkdf"
 version = "0.12.3"
@@ -4770,7 +4822,7 @@ name = "interbtc-parachain"
 version = "1.2.0"
 dependencies = [
  "async-trait",
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay-rpc-runtime-api",
  "clap",
  "cumulus-client-cli",
@@ -4870,7 +4922,7 @@ dependencies = [
 name = "interbtc-primitives"
 version = "1.2.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 1.2.0",
  "bstringify",
  "parity-scale-codec",
  "primitive-types",
@@ -4947,7 +4999,7 @@ name = "interlay-runtime-parachain"
 version = "1.2.0"
 dependencies = [
  "annuity",
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay",
  "btc-relay-rpc-runtime-api",
  "clients-info",
@@ -5111,7 +5163,7 @@ dependencies = [
 name = "issue"
 version = "1.2.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay",
  "currency",
  "fee",
@@ -5367,7 +5419,7 @@ name = "kintsugi-runtime-parachain"
 version = "1.2.0"
 dependencies = [
  "annuity",
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay",
  "btc-relay-rpc-runtime-api",
  "clients-info",
@@ -6744,7 +6796,7 @@ dependencies = [
  "blake2b_simd",
  "blake2s_simd",
  "blake3",
- "core2",
+ "core2 0.4.0",
  "digest 0.10.7",
  "multihash-derive",
  "sha2 0.10.7",
@@ -6758,7 +6810,7 @@ version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "835d6ff01d610179fbce3de1694d007e500bf33a7f29689838941d6bf783ae40"
 dependencies = [
- "core2",
+ "core2 0.4.0",
  "multihash-derive",
  "unsigned-varint",
 ]
@@ -8637,7 +8689,7 @@ name = "parachain-tests"
 version = "1.2.0"
 dependencies = [
  "annuity",
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay",
  "btc-relay-rpc-runtime-api",
  "clients-info",
@@ -10887,7 +10939,7 @@ dependencies = [
 name = "redeem"
 version = "1.2.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 1.2.0",
  "btc-relay",
  "currency",
  "fee",
@@ -12978,6 +13030,16 @@ dependencies = [
  "secp256k1-sys 0.6.1",
 ]
 
+[[package]]
+name = "secp256k1"
+version = "0.27.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "25996b82292a7a57ed3508f052cfff8640d38d32018784acd714758b43da9c8f"
+dependencies = [
+ "bitcoin_hashes 0.12.0",
+ "secp256k1-sys 0.8.1",
+]
+
 [[package]]
 name = "secp256k1-sys"
 version = "0.4.0"
@@ -12995,6 +13057,15 @@ dependencies = [
  "cc",
 ]
 
+[[package]]
+name = "secp256k1-sys"
+version = "0.8.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "70a129b9e9efbfb223753b9163c4ab3b13cff7fd9c7f010fbac25ab4099fa07e"
+dependencies = [
+ "cc",
+]
+
 [[package]]
 name = "secrecy"
 version = "0.8.0"
@@ -15391,7 +15462,7 @@ checksum = "830b7e5d4d90034032940e4ace0d9a9a057e7a45cd94e6c007832e39edb82f6d"
 name = "vault-registry"
 version = "1.2.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 1.2.0",
  "currency",
  "fee",
  "fixed-hash 0.7.0",
diff --git a/parachain/runtime/runtime-tests/src/parachain/replace.rs b/parachain/runtime/runtime-tests/src/parachain/replace.rs
index 639c6342f8..b9254cd00d 100644
--- a/parachain/runtime/runtime-tests/src/parachain/replace.rs
+++ b/parachain/runtime/runtime-tests/src/parachain/replace.rs
@@ -551,7 +551,7 @@ fn integration_test_replace_execute_replace_success() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
 
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         let pre_execute_state = ParachainTwoVaultState::get(&old_vault_id, &new_vault_id);
 
@@ -586,7 +586,7 @@ fn integration_test_replace_execute_replace_old_vault_liquidated() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
 
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         let old = CoreVaultData::vault(old_vault_id.clone());
 
@@ -629,7 +629,7 @@ fn integration_test_replace_execute_replace_new_vault_liquidated() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
 
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         liquidate_vault(&new_vault_id);
 
@@ -657,7 +657,7 @@ fn integration_test_replace_execute_replace_both_vaults_liquidated() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
 
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         let old = CoreVaultData::vault(old_vault_id.clone());
 
@@ -710,7 +710,7 @@ fn integration_test_replace_execute_replace_with_cancelled() {
 fn integration_test_replace_cancel_replace_success() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
         let pre_cancellation_state = ParachainTwoVaultState::get(&old_vault_id, &new_vault_id);
         cancel_replace(redeem_id);
 
@@ -732,7 +732,7 @@ fn integration_test_replace_cancel_replace_success() {
 fn integration_test_replace_cancel_replace_old_vault_liquidated() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         let old = CoreVaultData::vault(old_vault_id.clone());
 
@@ -769,7 +769,7 @@ fn integration_test_replace_cancel_replace_old_vault_liquidated() {
 fn integration_test_replace_cancel_replace_new_vault_liquidated() {
     test_with(|old_vault_id, new_vault_id| {
         let accept_amount = new_vault_id.wrapped(10000);
-        let (redeem_id, redeem, _issue_id, issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
+        let (redeem_id, redeem, _issue_id, _issue) = setup_replace(accept_amount, &old_vault_id, &new_vault_id);
 
         liquidate_vault(&new_vault_id);