diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2f3dae7..e8af0d3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,9 @@ and this project adheres to Rust's notion of
 [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
 ## [Unreleased]
+### Changed
+- MSRV is now 1.63.0.
+- Bumped dependencies to `group 0.14`.
 
 ## [0.23.0] - 2022-12-06
 ### Changed
diff --git a/Cargo.lock b/Cargo.lock
index 440bfc9..d158f05 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4,9 +4,9 @@ version = 3
 
 [[package]]
 name = "ff"
-version = "0.13.1"
+version = "0.14.0-pre.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c0b50bfb653653f9ca9095b427bed08ab8d75a137839d9ad64eb11810d5b6393"
+checksum = "d42dd26f5790eda47c1a2158ea4120e32c35ddc9a7743c98a292accc01b54ef3"
 dependencies = [
  "rand_core",
  "subtle",
@@ -14,9 +14,9 @@ dependencies = [
 
 [[package]]
 name = "group"
-version = "0.13.0"
+version = "0.14.0-pre.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f0f9ef7462f7c099f518d754361858f86d8a07af53ba9af0fe635bbccb151a63"
+checksum = "1ff6a0b2dd4b981b1ae9e3e6830ab146771f3660d31d57bafd9018805a91b0f1"
 dependencies = [
  "ff",
  "rand_core",
@@ -25,16 +25,16 @@ dependencies = [
 
 [[package]]
 name = "pairing"
-version = "0.23.0"
+version = "0.24.0-pre.0"
 dependencies = [
  "group",
 ]
 
 [[package]]
 name = "rand_core"
-version = "0.6.4"
+version = "0.9.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ec0be4795e2f6a28069bec0b5ff3e2ac9bafc99e6a9a7dc3547996c5c816922c"
+checksum = "99d9a13982dcf210057a8a78572b2217b667c3beacbf3a0d8b454f6f82837d38"
 
 [[package]]
 name = "subtle"
diff --git a/Cargo.toml b/Cargo.toml
index 2fad51f..50c2d6a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,9 +1,9 @@
 [package]
 name = "pairing"
-version = "0.23.0"
+version = "0.24.0-pre.0"
 authors = ["Sean Bowe <ewillbefull@gmail.com>", "Jack Grigg <jack@z.cash>"]
 edition = "2021"
-rust-version = "1.56"
+rust-version = "1.63"
 readme = "README.md"
 license = "MIT/Apache-2.0"
 
@@ -13,7 +13,7 @@ homepage = "https://github.com/zkcrypto/pairing"
 repository = "https://github.com/zkcrypto/pairing"
 
 [dependencies]
-group = { version = "0.13", default-features = false }
+group = { version = "=0.14.0-pre.0", default-features = false }
 
 [badges]
 maintenance = { status = "actively-developed" }
diff --git a/README.md b/README.md
index 3a0e84e..10531ba 100644
--- a/README.md
+++ b/README.md
@@ -25,7 +25,7 @@ access patterns, or resistance to side-channel attacks.
 
 ## Minimum Supported Rust Version
 
-Requires Rust **1.56** or higher.
+Requires Rust **1.63** or higher.
 
 Minimum supported Rust version can be changed in the future, but it will be done with a
 minor version bump.
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index de43b23..3eebdfe 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,3 +1,3 @@
 [toolchain]
-channel = "1.56.0"
+channel = "1.63.0"
 components = [ "clippy", "rustfmt" ]