diff --git a/.cargo/README.md b/.cargo/README.md
index 1345b3c..83268c4 100644
--- a/.cargo/README.md
+++ b/.cargo/README.md
@@ -3,7 +3,7 @@
 [![GitHub](https://img.shields.io/badge/github-chksum--rs%2Fmd5-24292e?style=flat-square&logo=github "GitHub")](https://github.com/chksum-rs/md5)
 [![Build](https://img.shields.io/github/actions/workflow/status/chksum-rs/md5/rust.yml?branch=master&style=flat-square&logo=github "Build")](https://github.com/chksum-rs/md5/actions/workflows/rust.yml)
 [![docs.rs](https://img.shields.io/docsrs/chksum-md5?style=flat-square&logo=docsdotrs "docs.rs")](https://docs.rs/chksum-md5/)
-[![MSRV](https://img.shields.io/badge/MSRV-1.70.0-informational?style=flat-square "MSRV")](https://github.com/chksum-rs/md5/blob/master/Cargo.toml)
+[![MSRV](https://img.shields.io/badge/MSRV-1.74.0-informational?style=flat-square "MSRV")](https://github.com/chksum-rs/md5/blob/master/Cargo.toml)
 [![deps.rs](https://deps.rs/crate/chksum-md5/0.0.0/status.svg?style=flat-square "deps.rs")](https://deps.rs/crate/chksum-md5/0.0.0)
 [![unsafe forbidden](https://img.shields.io/badge/unsafe-forbidden-success.svg?style=flat-square "unsafe forbidden")](https://github.com/rust-secure-code/safety-dance)
 [![LICENSE](https://img.shields.io/github/license/chksum-rs/md5?style=flat-square "LICENSE")](https://github.com/chksum-rs/md5/blob/master/LICENSE)
diff --git a/.github/workflows/rust.yml b/.github/workflows/rust.yml
index ecfab83..fab4591 100644
--- a/.github/workflows/rust.yml
+++ b/.github/workflows/rust.yml
@@ -58,7 +58,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        toolchain: [1.70.0, stable, nightly]
+        toolchain: [1.74.0, stable, nightly]
     name: "Build and test (OS: Linux, Toolchain: ${{ matrix.toolchain }})"
     steps:
       - name: Repository checkout
@@ -87,7 +87,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        toolchain: [1.70.0, stable, nightly]
+        toolchain: [1.74.0, stable, nightly]
     name: "Build and test (OS: MacOS, Toolchain: ${{ matrix.toolchain }})"
     steps:
       - name: Repository checkout
@@ -116,7 +116,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        toolchain: [1.70.0, stable, nightly]
+        toolchain: [1.74.0, stable, nightly]
     name: "Build and test (OS: Windows, Toolchain: ${{ matrix.toolchain }})"
     steps:
       - name: Repository checkout
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0cac446..6d8bdbc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Added async support for Tokio runtime.
 
+### Changed
+
+- Updated MSRV to `1.74.0`.
+
 ## [0.0.0] - 2023-12-21
 
 ### Added
diff --git a/Cargo.toml b/Cargo.toml
index 4e15d56..2222082 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@ name = "chksum-md5"
 version = "0.0.0"
 authors = ["Konrad Goławski <konrad@golawski.it>"]
 edition = "2021"
-rust-version = "1.70.0"
+rust-version = "1.74.0"
 description = "An implementation of the MD5 hash function with a straightforward interface for computing digests of bytes, files, directories, and more."
 readme = ".cargo/README.md"
 repository = "https://github.com/chksum-rs/md5"
diff --git a/README.md b/README.md
index eaa9854..ed1b5bd 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
 [![crates.io](https://img.shields.io/crates/v/chksum-md5?style=flat-square&logo=rust "crates.io")](https://crates.io/crates/chksum-md5)
 [![Build](https://img.shields.io/github/actions/workflow/status/chksum-rs/md5/rust.yml?branch=master&style=flat-square&logo=github "Build")](https://github.com/chksum-rs/md5/actions/workflows/rust.yml)
 [![docs.rs](https://img.shields.io/docsrs/chksum-md5?style=flat-square&logo=docsdotrs "docs.rs")](https://docs.rs/chksum-md5/)
-[![MSRV](https://img.shields.io/badge/MSRV-1.70.0-informational?style=flat-square "MSRV")](https://github.com/chksum-rs/md5/blob/master/Cargo.toml)
+[![MSRV](https://img.shields.io/badge/MSRV-1.74.0-informational?style=flat-square "MSRV")](https://github.com/chksum-rs/md5/blob/master/Cargo.toml)
 [![deps.rs](https://deps.rs/crate/chksum-md5/0.0.0/status.svg?style=flat-square "deps.rs")](https://deps.rs/crate/chksum-md5/0.0.0)
 [![unsafe forbidden](https://img.shields.io/badge/unsafe-forbidden-success.svg?style=flat-square "unsafe forbidden")](https://github.com/rust-secure-code/safety-dance)
 [![LICENSE](https://img.shields.io/github/license/chksum-rs/md5?style=flat-square "LICENSE")](https://github.com/chksum-rs/md5/blob/master/LICENSE)