Dynamics CRM connection through Live service gives error

System.IO.FileNotFoundException: Could not load file or assembly 'Microsoft.IdentityModel, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35' or one of its dependencies. The system cannot find the file specified.

File name: 'Microsoft.IdentityModel, Version=3.5.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35'

   at Microsoft.Xrm.Sdk.Client.ServiceMetadataUtility.RetrieveACSIssuerEndpoints(Uri trustUrl)

   at Microsoft.Xrm.Sdk.Client.ServiceConfiguration`1.SetAuthenticationConfiguration()

   at Microsoft.Xrm.Sdk.Client.ServiceConfiguration`1..ctor(Uri serviceUri, Boolean checkForSecondary)

   at Microsoft.Xrm.Sdk.Client.OrganizationServiceConfiguration..ctor(Uri serviceUri, Boolean enableProxyTypes, Assembly assembly)

   at Microsoft.Xrm.Sdk.Client.ServiceConfigurationFactory.CreateConfiguration[TService](Uri serviceUri, Boolean enableProxyTypes, Assembly assembly)

   at Microsoft.Xrm.Sdk.Client.ServiceConfigurationFactory.CreateConfiguration[TService](Uri serviceUri)

   at Microsoft.Xrm.Sdk.Client.ServiceProxy`1..ctor(Uri uri, Uri homeRealmUri, ClientCredentials clientCredentials, ClientCredentials deviceCredentials)

   at PortalRestfulService.Service1.authentication(CRMCredential objauthentication)



WRN: Assembly binding logging is turned OFF.

To enable assembly bind failure logging, set the registry value [HKLM\Software\Microsoft\Fusion!EnableLog] (DWORD) to 1.

Note: There is some performance penalty associated with assembly bind failure logging.

To turn this feature off, remove the registry value [HKLM\Software\Microsoft\Fusion!EnableLog].