My experience was as follows:
Opened BA 3.06. Clicked "Check for updates" - told me update was available, so I clicked update.
This sat there for ages doing nothing....... so I exited BA 3.06 (By the BA menu | quit option, not using X on top right).
Then I went to cakewalk.com to re-download BA expecting this to give me the latest version. It did.
Upon installation, I then ended up with BA 3.08.
From here, I ran BA 3.08 and went to the "Apps" tab to check for a CbB update. It stated there was one, so I clicked "update"
After about 20 minutes the new version of CbB had installed - it showed me the progress until completion.
CbB is now version 2018.4 24.04.1 Build 28.
I also used BA 3.08 to successfully install the latest Theme editor - I did not worry about the other addons as I already had them.