In a large pot over medium heat, heat the olive oil and saute the onion, garlic, capsicum and chilli pepper until tender. Add parsley, salt and pepper, basil, oregano, thyme, tomatoes, tomato pasta sauce, water, paprika and cayenne pepper. Stir well, reduce heat and simmer 1 to 2 hours, adding wine a little at a time.
About 10 minutes before serving, add mussels, prawns, scallops and fish. Turn the heat up slightly and stir. When the seafood is cooked through (the mussels will have opened, the prawns turned pink, and the fish will be flaky) serve your delicious cioppino.