Question: What is done with the newborn boy's hair once it is cut?

Is "For example, the now-widespread haredi tradition of cutting a boy's hair for the first time on his third birthday (upshirin or upsheerin, Yiddish for "haircut") "originated as an Arab custom that parents cut a newborn boy's hair and burned it in a fire as a sacrifice," and "Jews in Palestine learned this custom from Arabs and adapted it to a special Jewish context."" the correct answer?
yes