CRM 2011 Plugin Registration Tool error during connection

An error occurred while I trying to connect CRM using the Plugin registration tool.
It throw me "Inner Exception: System.Security.Cryptography.CryptographicException: The parameter is incorrect."

Solution to wipe off the issue is to delete the livedevice.xml file in your computer.
Navigate to folder "C:\users\<your user name>\livedeviceid", you will find the the file located inside the folder.

Cheers :)